The Term Deferral Refers to an Event Where The

question 106

Multiple Choice

The term deferral refers to an event where the:

• A)liability for an expense is recorded after the expense is actually incurred.
• B)recognition of an expense or revenue is recorded before the cash is paid or received.
• C)recognition of an expense or revenue is recorded after the cash is paid or received.
• D)liability for an expense is recorded before the expense is actually incurred.

---

Definitions:

Age Discrimination

Unfair treatment of individuals based on their age, particularly in employment practices.

Affirmative Action

A policy or a set of measures aimed at increasing opportunities for historically disadvantaged groups in various areas, such as employment and education.

Comparable Worth

The principle that jobs of equal value to an organization should receive equal pay, regardless of the gender or ethnicity of the person performing the job.

Employment Equity Act

Legislation aimed at promoting fair treatment and eliminating discrimination in the workplace, ensuring equality of opportunity for all employees.