An Accrued Expense Arises Because an Expense Item Has Been

question 73

True/False

An accrued expense arises because an expense item has been prepaid, but the related expense has not been incurred yet.

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Definitions:

Chemoautotroph

Organism that obtains energy from inorganic compounds and synthesizes organic compounds from inorganic raw materials; includes some bacteria and many archaea. Compare with photoautotroph, photoheterotroph, and chemoheterotroph.

Nitrogen-Fixing Bacteria

are bacteria capable of transforming atmospheric nitrogen into fixed nitrogen, making it accessible to plants for growth.

Porphyrin Ring

A large, ring-shaped molecule found in many biologically important molecules, such as heme, vital for carrying oxygen in blood.

Chlorophyll

A green pigment found in the chloroplasts of plants, algae, and some bacteria, essential for photosynthesis by capturing light energy.