Which One of the Following Is an Example of an Accrued

question 119

Multiple Choice

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

• A)Wages have been earned by employees,but have 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:

Standard Error

Standard error is a statistical term that measures the accuracy with which a sample distribution represents a population by using standard deviation.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period, usually defined as five or more drinks for men and four or more for women in about two hours.

Government's Definition

A formal explanation or interpretation of a term, concept, or policy by governmental authorities.

Null Hypothesis

The null hypothesis is a default statement assumed to be true in statistical hypothesis testing, proposing no significant difference or effect, to be tested against the research hypothesis.