Which One of the Following Is an Example of an Accrued

question 119

Multiple Choice

Which one of the following is an example of an accrued liability?

• A)Wages have been earned by employees,but have not been paid at the end of the period.
• B)Equipment that will benefit several periods has been purchased.
• C)An insurance policy that expires in a future period has been acquired.
• D)Supplies are purchased and used over several months.

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Definitions:

Mobile Device

A portable computing device such as a smartphone or tablet, characterized by wireless connectivity and a touchscreen interface.

CAD Software

Computer-aided design software used to create, modify, analyze, or optimize a design.

Action Camcorders

Devices designed for recording action-packed videos, often rugged and compact, suitable for outdoor and adventure filming.

Extreme Sports

Athletic activities or competitions that involve high levels of physical exertion, risk, and adrenaline, often involving speed, height, or physical challenge.