Which of the Following Describes an Accrued Expense

question 179

Multiple Choice

Which of the following describes an accrued expense?

• A)Incurred but not yet paid or recorded.
• B)Paid and recorded in an asset account after they are used or consumed.
• C)Paid and recorded in an asset account before they are used or consumed.
• D)Incurred and already paid or recorded.

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Definitions:

Security

Measures and protocols that are implemented to protect information, computer systems, networks, and data from unauthorized access, attacks, or damage.

Connectionless Protocol

A protocol that a host computer can use to send data over the network without establishing a direct connection with any specific recipient computer.

Protocol

A set of rules or standards designed to enable computers to connect and transmit data across networks.

Computers

Electronic devices that process data according to a set of instructions, capable of executing vast numbers of operations.