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
ssume you are the Chief Information Officer (CIO) 1 of the company that you dream of (any company, real or hypothetical).
Answers (1)
Willingness to pay a. measures the value that a buyer places on a good. b. is the amount a seller actually receives for a good minus the minimum amount the seller is willing to accept. c.
Answers (1)
8. Short-run and long-run effects of a shift in demand Suppose that the shrimp industry is in long-run equilibrium at a price of $5 per pound of shrimp and a quantity of 150 million pounds per year.
Answers (1)
Ashley eats two bananas during a particular day. The marginal benefit she enjoys from eating the second banana a.
Answers (1)
Q 2.3: mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into a new facility when their current facility reaches its production limit, which it estimates will be in 4 years.
Answers (1)
New Questions in Business
A (n) is the issuer's written promise to pay an amount equaling the par value. The par value is paid at a specified future date. Most often, the issuer is required to make semiannual interest payments.
Answers (1)
The primary goal of the Consumer Financial Protection Bureau is: A To monitor your credit report and ensure your identity and other sensitive data has not been compromised. B To protect against abusive or deceptive debt collection purposes.
Answers (1)
Jake Skinner purchases a big screen TV on credit and will repay the loan with one payment at the end of 90 days. What type of credit did Jake use?
Answers (1)
Which most likely results from producers engaging in specialization? Producers reduce their costs. Producers increase their market share. Producers decrease the materials needed for production. Producers always offer more competitive pricing.
Answers (1)
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers. TrueFalse
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?