Which One of the Following Is an Example of an Accrued

question 119

Multiple Choice

Which one of the following is an example of an accrued liability?

• A)Wages have been earned by employees,but have not been paid at the end of the period.
• B)Equipment that will benefit several periods has been purchased.
• C)An insurance policy that expires in a future period has been acquired.
• D)Supplies are purchased and used over several months.

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Definitions:

White-Collar Crime

A crime that typically occurs in a business context. Popularly used to refer to an illegal act or series of acts committed by a person or business entity using nonviolent means.

Property Crime

Offenses that involve the unauthorized taking of or damage to another's property.

Robbery

The taking of money, personal property, or any other article of value from a person by means of force or fear.

Larceny

The wrongful or fraudulent taking and carrying away of another person’s personal property with the intent to deprive the person permanently of the property.