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Which of the following is a value-added activity?
Pretax Income
The income earned by a company before deducting taxes, representing the company's profitability after all expenses except taxes.
Accrued Expenses
Liabilities (payables) created when expenses are incurred, but cash will be paid in the future; created at end of period during the adjustment process to reflect the amount of expense incurred that the company will pay in the future.
Depreciation Expense
Distributing the expense of a physical asset throughout its lifespan.
Accrue Interest Expense
The recording of interest expense that has been incurred but not yet paid, typically on borrowed funds.
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