The adjustment for salaries is necessary
A) because the employer did not have enough cash to write the paycheques.
B) to recognize the revenue in the period earned.
C) to recognize the expense in the period incurred.
D) None of the above answers are correct.
Correct Answer:
Verified
Q93: Accumulated Depreciation-Buildings should be shown on the
A)
Q94: When the adjustment for depreciation is made
A)
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Q97: Mortgage Payable is found on the income
Q99: An adjustment to Prepaid Insurance would not
Q100: Recording the adjustment for supplies will
A) increase
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