Team Shirts Ordered T-Shirts from Its Supplier in June

question 59

Multiple Choice

Team Shirts ordered T-shirts from its supplier in June.The T-shirts were delivered in July.Team Shirts paid the bill in August and sold the T-shirts in September.When should Team Shirts recognize an expense using accrual accounting?

• A)June
• B)September
• C)August
• D)July

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Definitions:

Objective

A specific, measurable goal intended to be achieved within a finite time frame.

Clinical Diagnosis

The identification of a disease or condition by a doctor using observation, patient history, and sometimes diagnostic tests, rather than laboratory analysis of tissue samples.

Chief Complaint

The primary symptom or concern that a patient reports during a medical or clinical encounter.

Muscle Spasms

Involuntary contractions of a muscle or group of muscles, often painful and typically caused by muscle fatigue or stress.