Asked by Carrie
The question is:
Deferred expenses have _________.
choices below got to choose from
1. not yet been recorded as expenses or paid
2. been recorded as expenses and paid
3. been incurred and paid
4. not yet been recorded as expenses
The answer that I am thinking is right, is
Not yet been recorded as an expense. am i right?
Deferred expenses have _________.
choices below got to choose from
1. not yet been recorded as expenses or paid
2. been recorded as expenses and paid
3. been incurred and paid
4. not yet been recorded as expenses
The answer that I am thinking is right, is
Not yet been recorded as an expense. am i right?
Answers
Answered by
Anonymous
I also think number 1 is also the answer
Answered by
Carrie
Yea that's what I am thinking now. cause this is what i found as a defintion of deferred expense
A cost that has been recorded in the accounting records and reported on the balance sheet as an asset until matched with revenues on the income statement in a later accounting period.
A cost that has been recorded in the accounting records and reported on the balance sheet as an asset until matched with revenues on the income statement in a later accounting period.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.