Match Each Term with Its Appropriate Meaning

question 58

Multiple Choice

Match each term with its appropriate meaning.
-"Made with Organic Ingredients"​

• A)contains at least 95% organic ingredients
• B)contains entirely organically produced ingredients
• C)contains less than 70% organic ingredients
• D)contains at least 70% organic ingredients
• E)can impose financial penalties on companies that use the Organic seal inappropriately

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Definitions:

Accrual Entry

An accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.

Accounting Accruals

Accounting method where revenue and expenses are recorded when they are earned or incurred, not necessarily when cash is received or paid.

Unpaid Payroll

The total sum of all wages, salaries, bonuses, and deductions owed to employees that have not yet been paid.

Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life, reflecting decrease in value over time.