What Is a Surge

question 24

Multiple Choice

What is a surge?

• A) a tremendous earthquake
• B) a type of volcano
• C) a high speed, violent ash-rich shock wave
• D) an underground magma flow
• E) a mixture of hot volcanic ash and steam that rushes down the volcano's slope

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Definitions:

Payroll

Refers to the total amount of wages, salaries, bonuses, and other compensation paid to employees by a company during a specific period.

Unearned Revenues

Unearned revenues are payments received from customers before the company has provided goods or services, reflected as a liability on the balance sheet.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.

Revenue Accounts

Accounts that track the income earned by a company from its normal business operations or other activities.