Question
Which of the following would be caused by recording an adjusting journal entry to recognize depreciation? A) Liabilities and expenses increase; stockholders equity decrease B)
Which of the following would be caused by recording an adjusting journal entry to recognize depreciation?
A) Liabilities and expenses increase; stockholders equity decrease
| B) Assets and stockholders equity decrease; expenses increase | ||
| C) Assets decrease; liabilities and expenses increase | ||
| D) Assets and liabilities increase; expenses decrease |
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CIA Review Part 2 Internal Audit Practice For The New 3 Part Exam
Authors: Irvin N.Gleim
17th Edition
158194375X, 978-1581943757
