If an expense has been incurred but not yet recorded, then the end-of-period adjusting entry would involve
a. a liability account and an asset account.
b. a liability account and a revenue account.
c. a liability and an expense account.
d. a receivable account and a revenue account.
e. None of these answer choices is correct.
C
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Generally, remedies under "lemon laws" include:
A. offering extra credit benefits for the purchase of a new product from the same manufacturer. B. return of the purchase price or a new product. C. provision of warranty regarding repairing of defects. D. suing for injunctive relief or the seizure of products to enforce various provisions of the law.
Which of the following would be most effective in a small owner/manager-operated business?
A) Profit centers B) Centralization C) Investment centers D) Cost centers
Between 1890 and 1932, a legal view emerged that unions:
A. Were illegal because they interfere with free trade. B. Were unconstitutional because they violate First Amendment rights. C. Were legitimate but should be controlled by legal regulation to make sure they are serving the public interest. D. Were necessary to a free, democratic society.
When is a creditor referred to as a secured creditor?
A. when the creditor has been guaranteed payment by a trustee B. when the creditor gives a loan without security C. when the creditor has been repaid the debt D. when the creditor has acquired collateral