what are these: accrual, deferral, or neither. 1) incurred other operating expen
ID: 2433378 • Letter: W
Question
what are these: accrual, deferral, or neither. 1) incurred other operating expenses on account 2) paid a cash dividend to the stockholders 3) recorded expense for salaries owed to employees at the endof the accounting period 4) paid cash to purchase supplies to be used over the nextseveral months. 5) purchased a delivery van with a five-year life 6) provided services on account 7) recognized interest income on a certificate of depositbefore receiving the cash 8) paid one year's rent in advance 9) paid cash for utilities expense 10) collected $2,400 in advance for services to be performedover the next 12 months. what are these: accrual, deferral, or neither. 1) incurred other operating expenses on account 2) paid a cash dividend to the stockholders 3) recorded expense for salaries owed to employees at the endof the accounting period 4) paid cash to purchase supplies to be used over the nextseveral months. 5) purchased a delivery van with a five-year life 6) provided services on account 7) recognized interest income on a certificate of depositbefore receiving the cash 8) paid one year's rent in advance 9) paid cash for utilities expense 10) collected $2,400 in advance for services to be performedover the next 12 months.Explanation / Answer
1) incurred other operating expenses on account Accrual 2) paid a cash dividend to the stockholders Neither 3) recorded expense for salaries owed to employees at the endof the accounting period Accrual 4) paid cash to purchase supplies to be used over the nextseveral months. Deferral (value ofassets i.e. inventory would be used for next several months) 5) purchased a delivery van with a five-year life Deferral (value of assetsi.e. delivery van would be used for five-year) 6) provided services on account Accrual 7) recognized interest income on a certificate of depositbefore receiving the cash Accrual 8) paid one year's rent in advance Deferral 9) paid cash for utilities expense Neither 10) collected $2,400 in advance for services to be performedover the next 12 months.Related Questions
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