Which of the Following Is Considered to Be an Accrued

question 121

Multiple Choice

Which of the following is considered to be an accrued expense?

• A) A computer technician installed the latest software updates and was paid on the same day.
• B) A computer technician has been paid in advance to install software updates as they become available.
• C) A computer technician has just signed an agreement with you regarding pricing for future work.
• D) A computer technician has installed the latest software updates, but you have not received an invoice or made payment.

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Definitions:

Ethical Issue

A dilemma or circumstance that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Stakeholders

The individuals or groups that have an interest or stake in the outcome of an organization's actions, including employees, customers, suppliers, and investors.

Ethical Decision-Making

The act of assessing and deciding between different choices based on ethical guidelines.

Competing Firm

A company that is in rivalry with others offering similar products or services in the same market.