An Adjustment for Which the Business Paid or Received Cash

question 28

Multiple Choice

An adjustment for which the business paid or received cash in advance is:

• A) an accrual.
• B) a deferral.
• C) earned revenue.
• D) expense recognition.

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Definitions:

Suprarenal Vein

A vein draining blood from the adrenal gland into the renal vein or inferior vena cava.

Internal Jugular Vein

A major vein that collects blood from the brain, face, and neck, and returns it to the heart.

Hepatic Vein

A vein that drains de-oxygenated blood from the liver into the inferior vena cava.

Axillary Vein

A vein that conveys blood from the lateral aspect of the thorax, armpit, and upper limb toward the heart.