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:

Trainability Test

An assessment designed to evaluate an individual's potential to learn and perform well in a specific task or job role.

Basic Math

Fundamental mathematical operations and concepts, such as addition, subtraction, multiplication, division, fractions, and decimals.

Training Evaluation

The process of assessing the effectiveness and efficiency of training programs, typically considering factors like participant satisfaction, learning outcomes, and business impact.

Problem Participants

Individuals who disrupt or negatively impact the learning environment during training sessions, posing challenges to trainers and other participants.