A Reversing Entry Could Be Used If

question 85

Multiple Choice

A reversing entry could be used if

• A) there is an adjusting entry.
• B) the adjusting entry increases an asset or liability account.
• C) the adjusting entry account did not have a previous balance.
• D) all of these were true.
• E) none of these were true.

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Definitions:

Severe Shocks

Intense or extreme disturbances or impacts, usually referring to economic, environmental, or psychological events that have significant negative effects.

Evolutionary Theory

A scientific theory that describes the processes by which organisms change over generations due to changes in heritable physical or behavioral traits.

Kin Selection

A theory in evolutionary biology that suggests an organism will behave in ways that increase the reproductive success of its genetic relatives, even at a cost to its own survival and reproduction.

Genetically Identical

Organisms or cells having the same DNA sequence in all of their genes.