If, During an Accounting Period, an Expense Item Has Been

question 8

Multiple Choice

If, during an accounting period, an expense item has been incurred and consumed but not yet paid for or recorded, then the end-of-period adjusting entry would involve

• A)a liability account and an asset account.
• B)an asset or contra asset account and an expense account.
• C)a liability account and an expense account.
• D)a receivable account and a revenue account.

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Definitions:

Upward Appeals

A strategy where individuals seek support from higher levels in an organization to influence decisions or gain approval.

Rational Appeals

Persuasion methods that use logical arguments and factual evidence to convince people of a particular point of view.

Ingratiation

A psychological technique involving efforts to make oneself more likable to others through flattery or the creation of goodwill.

Expert Power

Influence and authority derived from possessing extensive knowledge or expertise in a particular area.