Which of the Following Is an Application of Accrual Accounting

question 113

Multiple Choice

Which of the following is an application of accrual accounting?

• A)Depreciating a building as quickly as allowed by income tax regulations.
• B)Recording utilities expense in the accounting period covered by the monthly bill.
• C)Expensing a machine in its entirety when purchased.
• D)Recording revenue at the time payment is received.

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Definitions:

Competence

The ability to do something successfully or efficiently, often linked to skills and knowledge in a specific area.

Approach-Avoidance Motivation

A psychological concept that describes the conflict involved when a person is faced with a choice or goal that has both attractive and unattractive aspects.

Implicit Motives

Describes unconscious desires, needs, or aspirations that influence an individual's behavior.

Explicit Motives

Refers to motivations that are consciously recognized and can be verbally expressed by an individual.