If, During an Accounting Period, an Expense Item Has Been

question 8

Multiple Choice

If, during an accounting period, an expense item has been incurred and consumed but not yet paid for or recorded, then the end-of-period adjusting entry would involve

• A)a liability account and an asset account.
• B)an asset or contra asset account and an expense account.
• C)a liability account and an expense account.
• D)a receivable account and a revenue account.

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Definitions:

Dependent Variable

The variable in an experiment that is measured and expected to change as a result of manipulations to the independent variable.

Uniformed Security

Personnel who wear a uniform to denote their role in providing protection and ensuring safety in various settings.

Directions

Instructions or guidance on how to reach a destination, complete a task, or operate something.

Participants

Individuals who take part in an experiment or study, often referred to as subjects.