Multiple Choice
Which one of the following adjustments increases net income for the period?
A) Recognition of the amount of supplies used.
B) Recognition revenue earned, but not recorded.
C) Recognition of wages earned, but not paid to employees.
D) Recognition of rent costs that had been paid to the landlord in advance.
Correct Answer:

Verified
Correct Answer:
Verified
Q187: If the end-of-year supplies on hand totaled
Q188: On October 1, a company borrowed $200,000
Q189: The Dividend account is known as which
Q190: Cherokee Hills began operations on December 1,
Q191: A particular company had $2,400 of supplies
Q193: The following unadjusted amounts were taken from
Q195: A law firm purchased supplies at a
Q196: The _ principle determines when revenue is
Q197: On the worksheet, the retained earnings balance
Q211: Some of the steps in the accounting