Using Accrual Accounting, Expenses Are Recorded and Reported Only

question 92

Multiple Choice

Using accrual accounting, expenses are recorded and reported only

• A) when they are incurred, whether or not cash is paid
• B) when they are incurred and paid at the same time
• C) if they are paid before they are incurred
• D) if they are paid after they are incurred

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Definitions:

Prevalence

The percentage of individuals in a population who are identified as having a certain condition during a particular time frame.

Incidence

The rate at which new cases of a disease or condition appear over a certain period of time, typically per year.

Placebo Control Group

In a therapy outcome study, group of people whose treatment is an inactive substance (to compare with the effects of a drug) or a nontheory-based therapy providing social support (to compare with the effects of psychotherapy).

Ethical Problem

A situation that requires a person to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).