If a Business Records Expenses When Paid, the Company Is

question 80

Multiple Choice

If a business records expenses when paid, the company is using the:

• A)cash basis of accounting.
• B)accrual basis of accounting.
• C)adjustment basis of accounting.
• D)the expense basis of accounting.

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Definitions:

Expressionless Face

An expressionless face shows no emotion, movement, or indication of thoughts, making it difficult to gauge the person's feelings or reactions.

Negative Symptoms

Features often associated with certain conditions or disorders, indicating the absence or diminution of normal behaviors or functions, such as lack of emotional expression in schizophrenia.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, often leading to some degree of dysfunction.

Chronic

Describing a condition or disease persisting for a long time or constantly recurring, often implying a long-term health issue.