Which of the Following Is an Example of an Accrued

question 58

Multiple Choice

Which of the following is an example of an accrued expense?

• A) Office supplies purchased at the beginning of the year and debited to an expense account.
• B) Property taxes incurred during the year, to be paid in the first quarter of the subsequent year.
• C) Depreciation expense
• D) Rent recognized during the period, to be received at the end of the year

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Definitions:

Supply Chain

The interconnected network of entities, including suppliers, manufacturers, and retailers, involved in producing and delivering a product or service from raw material to end consumers.

Logistical Revenue

The income generated from activities related to the movement and storage of goods, as well as services provided in the logistics supply chain.

Caipirinhas

A traditional Brazilian cocktail made with cachaça (sugar cane hard liquor), sugar, and lime.

Samba Drums

Percussion instruments originating from Brazil, essential in performing Samba music and used in various cultural and musical contexts.