Which One of the Following Is an Example of an Accrued

question 43

Multiple Choice

Which one of the following is an example of an accrued liability?

• A)Rent that has been incurred, but has not been paid at the end of the period.
• B)Equipment that will benefit several periods has been purchased.
• C)An insurance policy that expires in a future period has been acquired.
• D)Supplies are purchased and used over several months.

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Definitions:

Bear Hug

A strategy in business, particularly in takeovers, where an acquiring company makes a generous offer to another company's shareholders to buy its shares.

Cultural Sensitivity

The awareness and acknowledgment of the cultural differences and similarities between people without assigning them a value.

Managers' Attitude

The predispositions or tendencies managers have towards people, situations, or themselves, affecting decision-making and leadership styles.

Grapevine

Informal and unofficial communication channels within an organization or group.