Ask Question
BusinessBusiness
10 October, 16:33

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

+4
Answers (1)
  1. 10 October, 16:50
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Excom manufactures high-end whole home electronic systems. The company provides a one-year warranty for all products sold. The company estimates that the warranty cost is $225 per unit sold and reported a liability for estimated warranty costs $7.
Answers (1)
Concord corporation had net income of $67245 and paid dividends of $38000 to common stockholders and $16500 to preferred stockholders in 2017.
Answers (1)
Sherrie sold about $800 worth of produce last weekend at a farmer's market, but it was sunny and warm both days. this saturday and sunday are both supposed to be rainy, so she thinks fewer people will attend.
Answers (1)
Why are people with savings hurt by inflation? A. Inflation reduces the interest savings accounts pay. B. The money they saved in the past is worth less in the future. C.
Answers (1)
Select ALL the correct answers! How can the government of a nation invest in physical capital? A. by building highways, railways, and airports B. by introducing mandatory physical training in schools C. by providing power and Internet connections D.
Answers (1)
New Questions in Business
Frankie is a buyer for a department store and is buying some handbags at a cost of $30 from a vendor. He desires to have a 60 percent markup to meet the financial goals of this category. What will be the retail price of these handbags?
Answers (1)
The type of contract that comes into existence by simply speaking to one another is
Answers (2)
Alexie and x were motivated by many common factors. Discuss one similarity that motivated them.
Answers (1)
Best Foods Company is considering expanding beyond the regional market segments now served by its Hellmann's mayonnaise.
Answers (1)
The owner invested $15,200 cash in the company in exchange for its common stock. The company purchased supplies for $550 cash. The owner invested $10,100 of equipment in the company in exchange for more common stock.
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?