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:

Echocardiogram

A non-invasive ultrasound test that uses sound waves to create images of the heart, helping diagnose and monitor heart disease.

Mild Sedative

A medication or drug that helps to calm or induce mild sleepiness without causing unconsciousness.

Tetralogy of Fallot

A congenital heart defect consisting of four related heart abnormalities that affect blood flow through the heart.

Cyanotic

Having a bluish discoloration of the skin and mucous membranes due to insufficient oxygen in the blood.