A Liability That Arises from an Expense That Has Not

question 21

Multiple Choice

A liability that arises from an expense that has not yet been paid is a(n) :

• A) unearned expense.
• B) prepaid expense.
• C) accrued expense.
• D) accrued revenue.

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Definitions:

Multiunit Structures

Organizational arrangements where a single entity controls multiple, semi-independent units or branches that operate under a common framework but may have their own management.

Virtual Structures

Organizational designs that rely heavily on digital and telecommunication networks to connect geographically dispersed members.

Personal Autonomy

The capacity to make an informed, uncoerced decision about one's own actions and life direction.

Informal Communication

A type of communication that occurs outside official channels without formal procedures or structure.