Which of the Following Transactions Will Result in the Recognition

question 165

Multiple Choice

Which of the following transactions will result in the recognition of an expense?

• A)Interest accrued on a bank loan.
• B)The declaration and payment of dividends.
• C)Payment on accounts payable.
• D)All of these choices.

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Definitions:

Central Processing Unit

The primary component of a computer that performs most of the processing inside a computer, executing instructions from programs.

Operating System

The software that manages hardware resources and provides common services for computer programs, acting as an intermediary between users and the computer hardware.

Memory Management

The process of controlling and coordinating computer memory, involving the allocation and deallocation of memory blocks to programs to ensure optimal performance.

Input/Output Activities

Operations in computer programming that involve reading data from an external source or writing data to an external destination.