Which of the Following Is Not Considered a Basic Type

question 57

Multiple Choice

Which of the following is not considered a basic type of adjusting entry?

• A)An entry to convert a liability to a revenue.
• B)An entry to accrue unpaid expenses.
• C)An entry to convert an asset to an expense.
• D)An entry to convert an asset to a liability.

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Definitions:

False Claims Act

A federal law that allows individuals to sue on behalf of the government for false claims made to governmental programs and collect a portion of any damages awarded.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 aimed at protecting investors by making corporate disclosures more reliable and accurate.

Fourth Amendment

An amendment to the U.S. Constitution that protects citizens from unreasonable searches and seizures, requiring any warrant to be judicially sanctioned and supported by probable cause.

Robbery

Robbery is the act of taking property unlawfully from a person or place by force or threat of force.