Which of the Following Events Involves a Deferral

question 48

Multiple Choice

Which of the following events involves a deferral?

• A)Recording interest that has been earned but not received.
• B)Recording revenue that has been earned but not yet collected in cash.
• C)Recording supplies that have been purchased with cash but not yet used.
• D)Recording salaries owed to employees at the end of the year that will be paid during the following year.

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Definitions:

Marketer

An individual or company that promotes or sells products or services to consumers or other businesses.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.