menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 3: Adjusting the Accounts
  5. Question
    The Recording of an Expense Could Result in a Corresponding
Solved

The Recording of an Expense Could Result in a Corresponding

Question 156

Question 156

Multiple Choice

The recording of an expense could result in a corresponding increase in


A) owner's equity.
B) revenue.
C) a liability.
D) an asset.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q151: An adjusting entry can include a debit

Q152: As the usefulness of a plant asset

Q153: As an asset's depreciation is recorded,its carrying

Q154: Which of the following transactions results in

Q155: An adjusted trial balance proves the balance

Q157: The adjustment for estimated property taxes would

Q158: The cash basis of accounting is prohibited

Q159: Which of the following is correct regarding

Q160: State whether each situation is a deferral

Q161: The amount of a depreciable asset's annual

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines