Which of the Following Events Involves a Deferral

question 48

Multiple Choice

Which of the following events involves a deferral?

• A)Recording interest that has been earned but not received.
• B)Recording revenue that has been earned but not yet collected in cash.
• C)Recording supplies that have been purchased with cash but not yet used.
• D)Recording salaries owed to employees at the end of the year that will be paid during the following year.

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Definitions:

Sales Decline

A decrease in the number or value of products or services sold by a business over a certain period.

Early Failure Rate

The frequency of breakdowns or failures of a product or system shortly after its introduction.

Problem-Solving Team

A group of individuals brought together to address specific challenges or issues within an organization, working collaboratively to find solutions.

Specific Issue

A particular or well-defined problem or topic of interest.