Which of the Following Transactions Would Result in an Accrual

question 91

Multiple Choice

Which of the following transactions would result in an accrual?

• A) Salary expense has been incurred but unpaid.
• B) Rent expired for the month.
• C) Supplies used during the accounting period.
• D) Owner's withdrawals.

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Definitions:

Tender Offer

A tender offer is a proposal made publicly by an investor or company to purchase some or all of shareholders' shares in a corporation at a specified price.

Consolidation

The process of combining multiple companies or financial statements, often to present a unified set of financials or to merge businesses.

Spinoff

A corporate action where a company creates a new independent company by selling or distributing new shares of its existing business.