Which of the Following Is True of an Accrual

question 106

Multiple Choice

Which of the following is true of an accrual?

• A) It is normally the result of cash being received or paid before the revenue is earned or the expense is incurred.
• B) It is initially recorded as an asset but becomes an expense over time.
• C) It is initially recorded as a liability but become revenue over time.
• D) It is normally the result of cash being received or paid after revenue has been earned or an expense has been incurred.

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Definitions:

Parroting Technique

A method where one mimics or repeats exactly what another person has said, often used in language learning or negotiation strategies.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli.

Genetically Programmed

The concept that certain traits, behaviors, or developmental processes are predetermined by an organism's genetic makeup.

Learning

The method of obtaining fresh comprehension, competencies, ethical standards, or inclinations via education, exposure, or guidance.