Ask Question
BusinessBusiness
30 December, 22:24

Which of the following is considered to be an accrued expense?

A. a computer technician has just signed an agreement with you regarding pricing for future work

B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment

C. a computer technician has installed the latest software updates and was paid on the same day

D. a computer technician has been paid in advance to install software updates as they become available

+3
Answers (1)
  1. 31 December, 01:10
    0
    B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment

    Explanation:

    An accrued expense arises when a service has been rendered to an individual or organisation but to which the recipient of the service has not made payment for the service. The expense will be recognized in the period in which the service is rendered. In this scenario, the technician has rendered a service by installing software updates but the organisation has not made payment for the service provided. This represents an accrued expense.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is considered to be an accrued expense? A. a computer technician has just signed an agreement with you regarding ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Suppose that the demand for loanable funds for car loans in the milwaukee area is $10 million per month at an interest rate of 10 percent per year, $11 million at an interest rate of 9 percent per year, $12 million at an interest rate of 8 percent
Answers (1)
Which of the following describes the tactic of Value Pricing? a. matching competitor's prices b. discounting prices based on the season c. enduring that there is a good fit between the quality and service of a product at a fair price d.
Answers (1)
On March 4, Micro Sales makes $4,850 in sales on bank credit cards which charge a 2.5% service charge and deposits the funds into Micro Sales' bank accounts at the end of the business day.
Answers (1)
Microeconomics focuses on A. inflation and growth in our overall economy. B. decisions made by individual households and firms. C. all households and firms grouped together and how they interact with the government. D.
Answers (1)
Who is our Vice President today?
Answers (2)
New Questions in Business
Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000. a. What is the value of the shareholders' eq
Answers (1)
Businesses are most likely to grow during which of the following phases of the business cycle? A. expansion B. contraction C. trough D. recession
Answers (1)
Zero Corp. suffered a loss having a material effect on its financial statements as a result of a customer's bankruptcy that rendered a trade receivable uncollectible.
Answers (2)
Upward communication among organizational members at the same level can facilitate task coordination, provide means of sharing information, provide formal channel of communication for problem solving, and facilitate mutual support for staff involved.
Answers (1)
Last year, a women's professional organization made two small-business loans totaling $23,000 to young women beginning their own businesses. The money was lent at 9% and 11% simple interest rates.
Answers (1)
Home » Business » Which of the following is considered to be an accrued expense? A. a computer technician has just signed an agreement with you regarding pricing for future work B.
Sign Up Forgot Password?