On July 25,Henry Company's Accountant Prepared a Check to Prepay

question 66

Multiple Choice

On July 25,Henry Company's accountant prepared a check to prepay for the August through December monthly rent payments.Henry Company mailed the check on July 27 to the landlord.The landlord received the check on July 31 and cashed it on August 2.When should Henry Company record the rent expense for August associated with this transaction? Henry Company uses accrual accounting.

• A)July 25
• B)July 27
• C)August 31
• D)August 2

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Definitions:

Defect

A flaw or imperfection in a product, process, or system that fails to meet specified criteria.

Proportion

A statistical measure that indicates the fraction of the total that possesses a certain attribute or characteristic.

Relative Risk

A measure in epidemiology that quantifies the risk of a certain event happening in one group compared to its occurrence in another group.

Defective

Pertaining to a product or item that fails to meet the quality or performance standards, often due to manufacturing errors or flaws.