In the Space Below,state Whether Each Situation Is a Deferral

question 146

Essay

In the space below,state whether each situation is a deferral or an accrual.
______
a.
Unrecorded interest on savings bonds is $765.
______
b.
Property taxes that have been incurred but that have not yet been paid or recorded amount to $1,034.
______
c.
Legal fees of $2,890 were collected in advance. By year end, 70 percent were still unearned.
______
d.
Prepaid Insurance had a $900 balance prior to adjustment. By year end, 25 percent was still unexpired.
______
e.
Salaries earned by employees by year end but not yet paid or recorded amounted to $1,655.
______
______ f. Services totaling $690 have been performed but not yet recorded or billed.

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Definitions:

Feeling; Action

Feeling refers to the subjective experience of emotions; action denotes the processes or behaviors initiated in response to feelings or thoughts.

Classical Freudian

Pertaining to the original theories and therapeutic methods developed by Sigmund Freud, focusing on unconscious motivations and early childhood experiences.

Major Life Decisions

Major life decisions are significant choices that influence the course of one's life, such as career selection, marriage, and buying a house.

Psychoanalytic Principles

Concepts and theories developed by Sigmund Freud and his successors that emphasize unconscious processes, conflicts, and past experiences in understanding human behavior.