What Is One Effect of the Following General Journal Entry

question 136

Multiple Choice

What is one effect of the following general journal entry?

• A)Reduces liabilities
• B)Increases Retained Earnings
• C)Reduces equity
• D)Reduces assets

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Definitions:

Hazardous-Waste Cleanup

The process of removing or neutralizing hazardous materials to protect human health and the environment.

Spatial

Relating to, occupying, or having the character of space.

Conventional Pattern

a traditional or commonly accepted way of organizing or doing something.

Cause and Effect

The relationship between events where one or more are the result of the other(s), illustrating how interactions occur.