Which of the Following Is an Example of an Accrual

question 96

Multiple Choice

Which of the following is an example of an accrual?

• A)The purchase of office supplies.
• B)Wages expense incurred but not yet paid.
• C)Rent revenue collected in advance.
• D)Payment of two years' insurance in advance.

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Definitions:

Intellectual Work

Work that involves mental activity and creativity, often producing new ideas, literary or artistic works, or problem solving.

Trade Secret

Intellectual work, such as a business plan, that is a company secret and is not based on public information.

Copyright

A legal right granted to the creator of original works, giving them exclusive rights to use, distribute, and modify their work.

Information Extortion

The act of coercing individuals or organizations into paying money in exchange for not divulging confidential information.