Which of the Following Events Involves a Deferral

question 48

Multiple Choice

Which of the following events involves a deferral?

• A)Recording interest that has been earned but not received.
• B)Recording revenue that has been earned but not yet collected in cash.
• C)Recording supplies that have been purchased with cash but not yet used.
• D)Recording salaries owed to employees at the end of the year that will be paid during the following year.

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Definitions:

Tau Protein

A protein that stabilizes microtubules, with abnormal accumulations being linked to neurodegenerative diseases such as Alzheimer's.

Temporal Lobes

The regions of the brain located on either side of the head above the ears, involved in processing auditory information and encoding memory.

Hippocampus

An area in the brain linked to the creation, structuring, and retention of memories.

Prefrontal Lobes

Regions of the frontal lobes of the brain associated with complex cognitive behavior, personality, decision making, and moderating social behavior.