Recording an adjusting journal entry to recognize depreciation would cause which of the following?
A) An increase in liabilities and expenses,and a decrease in stockholders' equity.
B) A decrease in assets and stockholders' equity,and an increase in expenses.
C) A decrease in assets,an increase in liabilities,and an increase in expenses.
D) An increase in assets,an increase in liabilities,and a decrease in expenses.
Correct Answer:
Verified
Q40: Accrual adjustments involve:
A)increasing assets and revenues or
Q41: Accumulated depreciation:
A)is an expense account.
B)is a liability
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A)are an expense of doing business.
B)are
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A)are used to increase the original value
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