Which of the Following Adjusting Entries Involves the Recognition of an Accrued

question 83

Multiple Choice

Which of the following adjusting entries involves the recognition of an accrued expense?

• A)recording depreciation on a long-lived asset
• B)writing off the portion of an insurance policy that has expired
• C)recognition of salaries owed to employees for work done during the current period that will be paid during the next accounting period
• D)recognition of bad debt losses that are expected to result from making sales on credit terms

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Definitions:

One-Fifth

Quantitatively, a fraction equivalent to 20 percent or one out of five parts.

Mammals

A class of warm-blooded vertebrate animals that have, in the female, mammary glands which produce milk for feeding their young.

Except

To exclude or leave out from a group, list, or category.

Dreams

A series of thoughts, images, and sensations occurring in a person's mind during sleep, often reflecting subconscious concerns or desires.