Which of the Following Has Not Adopted Guidelines for the Utilization

question 104

Multiple Choice

Which of the following has not adopted guidelines for the utilization of paralegal services?

• A) The ABA
• B) NALA
• C) State bar associations
• D) Courts

---

Definitions:

Prepaid Rent

It represents payments made for rent before the rental period has occurred, classified as a current asset on the balance sheet.

Adjusting Entry

Journal entries made at the end of an accounting period to update accounts for accruals and deferrals not captured in daily transactions.

Rent Expense

The cost incurred by a company for utilizing a property or equipment for business operations, typically recognized over the period the property is used.

Depreciation Expense

The allocated expense of a tangible asset over its useful life, reflecting its consumption, wear, and tear.