Which of the Following Events Involves a Deferral

question 43

Multiple Choice

Which of the following events involves a deferral?

• A)Recording interest that has been earned but not received.
• B)Recording supplies that have been purchased with cash but not yet used.
• C)Recording revenue that has been earned but not yet collected in cash.
• D)Recording salaries owed to employees at the end of the year that will be paid during the following year.

---

Definitions:

Entrance Fees

Charges imposed to gain entry to a particular facility, event, or establishment, serving as a form of revenue for the operator or organizer.

Sociological Perspective

An approach to understanding human behavior by placing it in a broader social context, exploring how society influences actions, thoughts, and identities.

White Youth

Refers to young individuals from the white or Caucasian racial group, often discussed in sociological and demographic studies on cultural identity, political beliefs, or social behaviors.

Highbrow Culture

Cultural activities or products considered to be of high intellectual or artistic value, often associated with elitism or the upper class.