Which of the Following Transactions Results in the Recognition of an Expense

question 214

Multiple Choice

Which of the following transactions results in the recognition of an expense?

• A) Expiration of the usefulness of equipment during the accounting period
• B) Payment on an account payable
• C) Declaration and payment of a dividend
• D) Payment on the principal portion of a loan

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Definitions:

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, a critical parameter in assessing cardiovascular health.

Life-Threatening

Describing a condition, illness, or situation that has the potential to cause death or serious harm if not addressed immediately.

Naturally Acquired Passive

Immunity obtained passively through the transfer of antibodies from mother to fetus or through breast milk, without direct exposure to pathogens.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the fetus while removing waste products.