The General Term Used to Indicate Delaying the Recognition of an Expense

question 164

Multiple Choice

The general term used to indicate delaying the recognition of an expense already paid or of a revenue already received is

• A) depreciation
• B) deferral
• C) accrual
• D) inventory

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Definitions:

WAIS-III

The Wechsler Adult Intelligence Scale-Third Edition, a tool used for assessing the intelligence and cognitive ability of adults.

WISC-IV

The Wechsler Intelligence Scale for Children-Fourth Edition (WISC-IV) is a cognitive ability assessment tool used to measure intelligence in children.

WAIS-III

The Wechsler Adult Intelligence Scale-Third Edition, a tool designed to measure human intelligence through various verbal and performance indicators.

Intelligence

The ability to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one’s environment.