Which of the following adjustments increases net income for the period?

Question

Quizplus · Accepted Answer

Recognition of revenue earned, but not recorded, would increase net income for the period because it would increase the amount of revenue realized during that period. Option A would decrease net income as it recognizes an expense. Option C would not affect net income because it would have no impact on expenses or revenue. Option D would decrease net income because it recognizes an expense that has not yet been incurred.

Which of the Following Adjustments Increases Net Income for the Period