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.

B

Business

You might also like to view...

Discuss the function of citizen marketers. Provide some details about the different types of citizen marketers and their importance to the MPR process

What will be an ideal response?

Business

Pat the Paralegal is meeting a client for the first time and will be conducting an intake-type interview. The best introduction would be:

A) "Hello, my name is Pat. I work with Lee the Lawyer. I will be asking you some questions today." B) "Hello, my name is Pat. I will be interviewing you today for Lawyer Lee." C) "Hello, my name is Pat. I am Lawyer Lee's paralegal. I will be asking you some questions today." D) "Hello, my name is Pat. I am assisting Lawyer Lee with your case."

Business