Which of the following adjustments would not be described as an accrual?
A. Recording insurance expense relating to insurance premiums that were paid in advance.
B. Recording operating expenses that have been incurred but not paid as of the end of the accounting period.
C. Recording salary expense that has been incurred but not paid as of the end of the accounting period.
D. Recording interest that has been earned but will not be collected until the next accounting period.
Answer: A
You might also like to view...
What is the last part of a PAR story?
A) problems you encountered B) results you achieved C) purposes you accomplished D) actions you took
Before a marketing research study was done, John Colorado believed there was a 50/50 chance that his music store would be a success
The research team determined that there is a 0.9 probability that the marketing research will be favorable given a successful music store. There is also a 0.8 probability that the marketing research will be unfavorable given an unsuccessful music store. (a) If the marketing research is favorable, what is the revised probability of a successful music store? (b) If the marketing research is unfavorable, what is the revised probability of a successful music store?
In a(n) ________ game, players switch decisions in response to the decision of the other player and eventually return to the initial decisions, resulting in a closed loop
Fill in the blank with correct word.
A corporate director "owns" the corporation
Indicate whether the statement is true or false