On February 15, a Local Business Receives an Invoice for Electricity

question 123

Multiple Choice

On February 15, a local business receives an invoice for electricity used in the month of January and pays it on March 1.In which month should the business recognize the expense?

• A)February
• B)January
• C)March
• D)No expense should be recorded.

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Definitions:

Goodwill

An intangible asset representing the value of a business's reputation, brand, and ongoing customer loyalty.

Goodwill With Content

Building a positive relationship or reputation through the creation and dissemination of valuable and relevant content.

Writer-centred

Focused on the writer's perspective, needs, or preferences, often at the expense of clarity or audience understanding.

Revision

The process of reviewing, editing, and updating a document or piece of work to improve its quality.