An Expense Occurred in 2018,and It Is Not Paid Until

question 99

Multiple Choice

An expense occurred in 2018,and it is not paid until 2019.Using cash-basis accounting,the expense should appear on:

• A)the 2018 income statement.
• B)the 2019 income statement.
• C)whichever income statement the business prefers.
• D)both the 2018 and 2019 income statements.

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Definitions:

Team Support

Assistance, encouragement, and resources provided to a group of individuals working together towards a common goal.

Subordinates

Individuals who are lower in rank or position in an organizational hierarchy and are subject to the authority of their superiors.

Vroom-Jago Leadership Model

A decision-making framework that helps leaders choose the best course of action based on the situation's specifics and the level of team involvement.

Leader Competence

The array of skills, knowledge, and abilities that is requisite for effective leadership, including decision-making, strategy formulation, and interpersonal communication.