Which of the Following Is an Example of an Accrued

question 148

Multiple Choice

Which of the following is an example of an accrued expense?

• A) Salary owed but not yet paid
• B) Fees received but not yet earned
• C) Supplies on hand
• D) A two-year premium paid on a fire insurance policy

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Definitions:

African American

A term referring to Americans of African descent with roots in any of the black racial groups of Africa.

First Nations

Term primarily used in Canada to describe indigenous peoples who are not Inuit or Métis, emphasizing their status as the original inhabitants of the land.

Fatalism

The belief that all events are predetermined and therefore inevitable, rendering human effort and free will irrelevant.

Noninterference

A principle or policy of not becoming involved in the affairs of others, especially in a political or military sense.