An Example of a Current Liability That Must Be Accrued

question 181

Multiple Choice

An example of a current liability that must be accrued is

• A)accounts payable.
• B)current maturity of long-term debt.
• C)revenue received in advance.
• D)wages payable.

---

Definitions:

Employee Turnover

The rate at which employees leave a workforce and are replaced by new personnel over a certain period.

Wage Rates

The amount of compensation or payment in terms of money given to an employee by an employer in exchange for work performed.

Job Analysis

The process of studying and collecting information about the duties, responsibilities, and outcomes of a job.

Job Description

An official document that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.