Which of the Following Events Does NOT Give Rise to an Expense

question 16

Multiple Choice

Which of the following events does NOT give rise to an expense?

• A) A building depreciated by $600.
• B) A customer paid $600 on account.
• C) The company promised to pay an employee $600 in wages at a later stage.
• D) A customer returned goods valued at $200 previously purchased.

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Definitions:

Scenario Forecasting

A planning method used to make flexible long-term plans based on various predicted future scenarios.

Scenario Forecast Method

A planning tool that analyzes possible future events by considering alternative plausible conditions or scenarios.

Projection Forecast Method

A technique used to predict future trends based on historical data and analysis.

Delphi Technique

A forecasting method involving a panel of experts who anonymously answer questionnaires in multiple rounds, with the responses used to refine the next round of questions.