Which of the following entries causes an immediate decrease in assets and in net income?
A. The entry to record depreciation expense.
B. The entry to record revenue earned but not yet received.
C. The entry to record the earned portion of rent received in advance.
D. The entry to record accrued wages payable.
A
Business
You might also like to view...
The times when people most need to break out of the mold created by past learning patterns tend to be the times when they are most unwilling to do so.
a. true b. false
Business
A firm with a very low current ratio in comparison to the industry standard could lower the risk of unavailable short-term funds by moving toward ________ financing strategy
A) the aggressive B) the conservative C) a permanent D) a seasonal
Business