For Each Transaction Select the Letter of the Type of Adjustment

question 120

Multiple Choice

For each transaction select the letter of the type of adjustment that would be required.
-The cost of commissions to salesmen that has been earned, but not paid at the end of the accounting period is recorded

• A)Deferred expense
• B)Deferred revenue
• C)Accrued liability
• D)Accrued asset

---

Definitions:

Extreme Forms

Refers to the most severe or intense version of a condition, phenomenon, or behavior.

Ventral Tegmental Area

A region of the brain involved in the reward circuitry and associated with dopamine production.

Avoidant Attachment

Feeling discomfort in being close to other people, and distrustful and fearful of being dependent.