When an Expense Is Paid in Cash Before It Is

question 14

Multiple Choice

When an expense is paid in cash before it is used, it is called a(n)

• A) prepaid expense.
• B) accrued expense.
• C) estimated expense.
• D) cash expense.

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Definitions:

Mental Capacities

The various faculties of the mind, such as understanding, reasoning, thought, memory, and the ability to learn.

David Wechsler

A psychologist best known for developing several widely used intelligence tests, including the Wechsler Adult Intelligence Scale.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which proposes that people have different kinds of intelligences, not just a single general intelligence.

Independent Intelligences

Refers to the theory that intelligence cannot be encapsulated by a single, general ability but is composed of various distinct intellectual faculties.