The General Term Used to Indicate Delaying the Recognition of an Expense

question 164

Multiple Choice

The general term used to indicate delaying the recognition of an expense already paid or of a revenue already received is

• A) depreciation
• B) deferral
• C) accrual
• D) inventory

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Definitions:

Complaint

in legal terms, is a formal document submitted by the plaintiff to initiate a lawsuit, detailing the facts and legal reasons they believe they are entitled to relief from the defendant.

Seventh Amendment

Refers to a provision of the United States Constitution that guarantees the right to a jury trial in civil cases involving more than twenty dollars.

Right To Jury Trial

The Right To Jury Trial is a constitutional right where a defendant in a criminal case or a party in a civil case is entitled to have their case heard and decided by a jury of their peers.

Federal Courts

Courts established under the U.S. Constitution that have jurisdiction over cases involving federal law, disputes between states, and other specific matters.