An Expense That Has Been Incurred but Not Yet Paid

question 182

Multiple Choice

An expense that has been incurred but not yet paid is called a(n) ________.

• A) accrued revenue
• B) deferred expense
• C) deferred revenue
• D) accrued expense

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Definitions:

Authority

The authority or capability to issue commands, make choices, and ensure compliance.

Network Structure

An organizational model characterized by distributed power, decentralized decision-making, and a focus on connecting individuals and units as nodes in a larger network.

Full-Time Employees

Individuals who work a minimum number of hours defined by their employer, typically with a full workweek, and are entitled to full employment benefits.

Overhead Costs

Indirect costs or expenses related to the operation of a business that are not directly tied to producing goods or services, such as rent, utilities, and administrative salaries.