Activities That Are Performed for Specific Customers Are Classified as A(n)

question 73

Multiple Choice

Activities that are performed for specific customers are classified as a(n)

• A)delivery-level activity.
• B)customer-level activity.
• C)accounts receivable-level activity.
• D)organization-level activity.

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Definitions:

Building Account

An account used to track the costs associated with the construction or improvement of a building until the project is completed and the asset is ready for use.

Adjusted Trial Balances

An internal document that lists all accounts and their balances after adjustments are made for errors, accruals, and deferrals, used for preparing financial statements.

Adjusting Entries

Financial records made upon the completion of an accounting cycle to allocate gains and deductions to the actual period in which they occurred.

Insurance Expired

Indicates the end of an insurance policy's coverage period.