Accrued Expenses Are

question 12

Multiple Choice

Accrued expenses are

• A) paid for in one period but not fully used until a later period.
• B) used in one period but not paid for until a later period.
• C) paid for,recorded,and used in one period.
• D) budgeted but not paid for or used during the period.

---

Definitions:

Economic Value

Refers to the value a good or service has in the context of its ability to generate income or utility.

Interest

The cost of borrowing money or the return on investments, usually expressed as a percentage of the amount lent, deposited, or invested.

Interest

A monetary charge for the concession to borrow currency, habitually framed as an annual percentage figure.

Television

An electronic system of transmitting transient images of fixed or moving objects together with sound over a wire or through space by apparatus that converts light and sound into electrical waves and reconverts them into visible light rays and audible sound.