Question
Certain adjusting entries result in a decrease in an asset and an increase in an expense. Such an entry would be the entry to record:
Certain adjusting entries result in a decrease in an asset and an increase in an expense. Such an entry would be the entry to record:
| A. | the expiration of prepaid insurance. | |
| B. | interest accrued on a note receivable. | |
| C. | interest accrued on a note payable. | |
| D. | the earning of Unearned Rent Fees. |
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Cost Determination A Conceptual Approach
Authors: Joel S. Demski
1st Edition
0813803608, 978-0813803609
