Which of the Following Does Not Correctly Describe the Following

question 90

Multiple Choice

Which of the following does not correctly describe the following adjusting journal entry?

• A)Total assets do not change.
• B)The transaction is an example of an accrual.
• C)Stockholders' equity decreases.
• D)Net income is not affecteD.This journal entry increases expenses and liabilities; the increase in expenses decreases net income, retained earnings, and thus stockholders' equity.

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Definitions:

Normal Distribution

A bell-shaped frequency distribution where most occurrences take place near the mean and fewer occur as the distance from the mean increases.

Criterion-Referenced Testing

involves evaluating and scoring a test taker's performance based on a specific set of criteria or standards, rather than comparing it to the performance of a peer group.

No Child Left Behind

A U.S. Act aimed at closing the achievement gap with accountability, flexibility, and choice, so that no child is left behind.

Norm-Referenced Testing

Testing that compares an individual's performance or scores to a norm group or standard to evaluate relative standing.