The Adjusting Entries to Record Depreciation or Amortization Expense or to Write

question 91

Multiple Choice

The adjusting entries to record depreciation or amortization expense or to write down assets that have become impaired:

• A)Reduce both net income and cash balances.
• B)Reduce net income,but have no direct effect on cash balances.
• C)Decrease cash balances,but have no direct effect upon net income.
• D)Affect neither net income nor cash balances.

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Definitions:

Executive Order

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Deferred Action for Childhood Arrivals, a U.S. immigration policy allowing individuals who came to the U.S. as children and meet several guidelines to receive a renewable two-year period of deferred action from deportation and become eligible for a work permit.

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The 45th President of the United States, who served from January 20, 2017, to January 20, 2021, known for his business background and controversial policies.

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The 44th President of the United States, serving two terms from 2009 to 2017, known for being the first African American to hold the office.