Which of the Following Does Not Correctly Describe the Following

question 15

Multiple Choice

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

• A)Total assets decrease.
• B)Retained earnings are not affected.
• C)Stockholders' equity decreases.
• D)Net income decreases.

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Definitions:

Replacement Request

A formal or informal request to replace something that is lost, damaged, unsatisfactory, or no longer meets the needs.

External Respiration

The exchange of gases (oxygen and carbon dioxide) between the atmosphere and the blood through the lung alveoli.

Pulmonary Ventilation

The process of moving air in and out of the lungs to facilitate gas exchange with the internal environment, mainly by bringing in oxygen and flushing out carbon dioxide.

Internal Respiration

The exchange of gases (oxygen and carbon dioxide) between the blood and the body cells, facilitating cellular metabolism.