Dexter Corp

question 91

Multiple Choice

Dexter Corp. received cash for a service that is to be performed in the next accounting period. How should this transaction be accounted for?

• A)As accrued revenue.
• B)As an expense.
• C)As a prepaid expense.
• D)As a liability.

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Definitions:

Trucking

The transportation of goods and materials by road using trucks.

Routes

Paths or methods chosen to deliver goods or services to consumers, which can also refer to the logistical pathways in supply chain management.

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

George Zimmer

An American entrepreneur known for founding Men's Wearhouse, a large men's clothing retailer.