An Expense Occurred in 2013,and It Is Not Paid Until

question 158

Multiple Choice

An expense occurred in 2013,and it is not paid until 2014.Using cash-basis accounting,the expense should appear on:

• A)the 2013 income statement.
• B)the 2014 income statement.
• C)neither the 2013 nor the 2014 income statement.
• D)both the 2013 and 2014 income statements.

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Definitions:

Prospective Co-Workers

Individuals who are being considered or evaluated for potential employment within an organization or team.

Validity

The characteristic of scores on a selection device that have a demonstrated correlation with future job performance.

Future Job Performance

The expected level of an employee's work efficiency and effectiveness in future tasks and responsibilities.

Selection Device

Tools or processes used to assess and choose the most suitable candidates for a job or task.