An adjusting entry that increases an asset and increases a revenue is known as a(n):
A. Deferred revenue.
B. Accrued revenue.
C. Depreciation.
D. Deferred expense.
E. Accrued expense.
Answer: B
You might also like to view...
In the context of formatting text, which of the following statements is true of controlling fonts on Web pages?
A. There's no way of knowing what fonts or font technologies a given Web visitor has available. B. The same fonts will be available to any two Web visitors. C. Web browsers treat all HTML font tags as equal and will display them legibly. D. Fonts with the same names are identical, even when obtained from different vendors.
Describe four of the eight major human resource management discipline areas.
What will be an ideal response?
Give an example from the chapter of a company/organization that benefited from "management walking around."
What will be an ideal response?
What is the role of a financing statement in a consignment if the consignor files it?
A) It protects the consignor from bearing a risk of loss for the goods. B) It protects the consignor from possible payment revocation by the consignee. C) It gives the buyer's creditors claim over the goods. D) It gives the seller's creditors claim over the goods.