At the End of October,Flagship Marina Received a Bill for Fuel

question 113

Multiple Choice

At the end of October,Flagship Marina received a bill for fuel used in October.Payment is not due until November 30.This transaction:

• A)Should not be recorded in the accounting records until November.
• B)Causes a decrease in assets and in owners' equity in November,when the bill is paid.
• C)Should be recorded as an expense of October,regardless of the payment date.
• D)Is recorded as a liability in October,but is not considered an expense until paid.

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Definitions:

Chemical Signal

A molecule released by cells that carries information to other cells, often triggering a response or action in the receiving cells.

Neurotransmitter Uptake

The process by which neurotransmitters are taken back into the synaptic vesicles of a neuron after the completion of a neural impulse.

Cocaine Molecule

A complex organic compound that acts as a powerful stimulant in humans, structurally characterized by its molecular formula.

Polarity

Refers to the distribution of electric charge around a molecule that causes one part to have a slightly positive charge and another part a slightly negative charge.