Which of the Following Accounts Would Most Likely Lead to a Deferred

question 43

Multiple Choice

Which of the following accounts would most likely lead to a deferred adjustment?

• A)Prepaid expenses
• B)Wages payable
• C)Subscriptions revenue receivable
• D)All of these are deferral adjustments

Analyze the effect of costing methods on financial reporting and managerial decision-making.

Understand cost calculations under absorption costing.

Understand cost calculations under variable costing.

Differentiate between absorption and variable costing.

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Definitions:

Demands

Refers to the requirements or needs that individuals or systems have, which may require fulfillment or response.

Authoritarian

Characterizes a leadership or governmental style that demands strict obedience from its citizens or followers without allowing personal freedom.

Opinions

Personal views, judgments, or beliefs about a particular topic, which can vary greatly from person to person.

Sensitive

Refers to the capacity of an organism or device to detect or respond to stimuli or changes in the environment.