The Year-End Adjusting Entry to Adjust the Unearned Revenue Account

question 103

Multiple Choice

The year-end adjusting entry to adjust the unearned revenue account for revenue earned decreases which of the following ratios?

• A)Current.
• B)Debt-to-equity.
• C)Quick.
• D)Net profit margin.

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Definitions:

Socialization Tactics

The methodologies and processes used by organizations to integrate new employees into the corporate culture and work environment.

Experienced Workmates

Colleagues who have gained knowledge and skills in their field through extended periods of work.

Proactive Behaviours

Actions taken by individuals that aim to initiate change rather than merely react to events, often characterized by anticipation, planning, and taking charge.

Distal Socialization Outcomes

The long-term effects of the organizational socialization process, such as job satisfaction, organizational commitment, and turnover.