Which of the Following Is an Example of an Expense

question 45

Multiple Choice

Which of the following is an example of an expense:

• A)an owner withdrawal for personal use.
• B)the payment of the monthly utility bill.
• C)the receipt of cash from a credit customer.
• D)the payment of a creditor on account.

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Definitions:

Boomerang Children

Young adults who return, after leaving home for some period, to live in the homes of their middle-aged parents.

Underemployment

Refers to a situation where individuals are working in jobs that do not fully utilize their skills, education, or availability, often resulting in part-time employment when full-time jobs are desired.

Gay or Lesbian

Terms that describe individuals who are emotionally, romantically, or sexually attracted to people of the same gender.

Gender Dysphoria

The distress or discomfort experienced when one's gender identity does not align with their assigned sex at birth.