A Likely Example of Complementary Goods for Most People Would

question 118

Multiple Choice

A likely example of complementary goods for most people would be

• A)butter and margarine.
• B)lawnmowers and automobiles.
• C)chips and salsa.
• D)cola and lemonade.

---

Definitions:

Accrued Revenues

Revenues earned in one accounting period but not received until a later period.

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.

Interest Accrued

Interest that has been earned but not yet paid or received, typically recorded as an asset or expense depending on context.

Adjusting Entry

a journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for accurate financial reporting.