Which of the Following Is an Example of a Noncash

question 27

Multiple Choice

Which of the following is an example of a noncash item reported in the income statement of a firm?

• A)Taxes
• B)Dividends
• C)Interest
• D)Depreciation
• E)Net sales

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Definitions:

Accrued Expense

Expenses that have been incurred but not yet paid, recognized in the period they occur rather than when payment is made.

Computer Technician

A professional responsible for the maintenance, repair, and proper functioning of computer hardware and software.

Invoice

A document issued by a seller to a buyer, indicating the products or services provided and the amount due.

Accrued Wages

Compensation that employees have acquired through work but still awaits disbursement by the employer.