Miranda Is Looking to Hire a New Barista at Her

question 22

Multiple Choice

Miranda is looking to hire a new barista at her coffee shop.Which of the following would be considered appropriate for a realistic job preview for the position?

• A)opportunity to work with a variety of people
• B)provide service to customers operating under time constraints
• C)provide service to rude customers
• D)opportunity to work in a fast paced environment

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Definitions:

Prepaid Expense

An asset account that represents costs paid in advance for expenses that will be incurred within a future accounting period.

Accrued Expense

Expenses that have been incurred but not yet paid or recorded in the ledgers.

Accrual Basis Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.

Cash Basis Accounting

An accounting method that records revenues and expenses when cash is actually received or paid, rather than at the time they are incurred.