If a Resource Has Been Consumed but an Invoice Has

question 50

Multiple Choice

If a resource has been consumed but an invoice has not been received at the end of the accounting period, then

• A) an expense should be recorded when the invoice is received.
• B) an expense should be recorded when the cash is paid out.
• C) an adjusting entry should be made recognizing the expense.
• D) it is optional whether to record the expense before the invoice is received.

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Definitions:

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A physiological response that expresses joy or amusement, often a spontaneous reaction to humor or happiness.

Touching

Touching involves physical contact between individuals, serving as a form of non-verbal communication or to establish a connection.

Reinforce Appropriate Behaviors

The process of encouraging and promoting desirable actions through positive feedback or rewards.

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