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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.
Contrast Error
The distortion in performance appraisal arising when an employee's evaluation is influenced by comparison with a previously evaluated employee rather than objective standards.
Interviewer
The interviewer is a person who asks questions in a structured or unstructured format to gather information, opinions, or data from interviewees.
Applicant
An individual who applies for a job, program, or opportunity.
Halo Effect
A cognitive bias where an individual's overall impression of a person influences how they feel and think about that person's character or properties.
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