Which of the Following Situations Does Not Require Empire Company

question 63

Multiple Choice

Which of the following situations does not require Empire Company to record an adjusting entry at the end of January?

• A)On January 1,Empire Company purchased delivery equipment with an estimated useful life of five years.
• B)On January 1,Empire Company began delivery service for a large client who will pay at the end of a three-month period.
• C)At the end of January,Empire Company pays the custodian for January office cleaning services.
• D)On January 1,Empire Company paid rent for six months on its office building.

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Definitions:

Disequilibrium

A state of imbalance or instability due to a mismatch between the demand and supply in a market or in physiological contexts, the body's inability to maintain homeostasis.

Reflexes

Involuntary and automatic responses of the body to a stimulus.

Accommodation

In cognitive development, this refers to the process by which individuals adjust their schemas (mental models) to incorporate new experiences.

Preexisting Idea

A concept or belief that exists before a particular event, study, or project.