Which of the following is not an accrued expense? A. A company prepays for Internet services for one month in advance. B. The lawn maintenance company has completed sprinkler maintenance services yet has not issued an invoice as of yet. C. You receive delivery of a computer on May 5 and the invoice won’t post until after June 1. D. The office supply store delivers merchandise and your corporate account is billed. You have 90 days to make the payment.
Which of the following is not an accrued expense? A. A company prepays for Internet services for one month in advance. B. The lawn maintenance company has completed sprinkler maintenance services yet has not issued an invoice as of yet. C. You receive delivery of a computer on May 5 and the invoice won’t post until after June 1. D. The office supply store delivers merchandise and your corporate account is billed. You have 90 days to make the payment.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is not an accrued expense?
A. A company prepays for Internet services for one month in advance.
B. The lawn maintenance company has completed sprinkler maintenance services yet
has not issued an invoice as of yet.
C. You receive delivery of a computer on May 5 and the invoice won’t post until after
June 1.
D. The office supply store delivers merchandise and your corporate account is billed.
You have 90 days to make the payment.
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