Adjusting Entries

question 86

Multiple Choice

Adjusting entries:

• A) Affect only income statement accounts.
• B) Affect only balance sheet accounts.
• C) Affect both income statement and balance sheet accounts.
• D) Affect only cash flow statement accounts.
• E) Affect only equity accounts.

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Definitions:

Skin and Bones Buildings

Architectural style characterized by the use of minimal structural framework visible through the exterior, emphasizing transparency and lightness.

Ludwig Mies van der Rohe

A pioneering modernist architect known for his minimalist design philosophy summed up by the phrase "less is more."

Less is More

A design principle emphasizing that simplicity and clarity lead to good design, often associated with the minimalist movement.

De Stijl

Dutch, “the style.” An early-20th-century art movement (and magazine), founded by Piet Mondrian and Theo van Doesburg, whose members promoted utopian ideals and developed a simplified geometric style.