Multiple Choice
Expenses include all of the following except:
A) using supplies.
B) making a payment on account.
C) paying for electricity used during the current period.
D) paying wages for production workers for work performed during the current period.
Correct Answer:

Verified
Correct Answer:
Verified
Q156: Which of the following items is reported
Q157: The basic accounting equation may be expanded
Q158: During the year,Sand,Inc.had $120,000 in revenues,$48,000 in
Q159: Which of the following statements about accrual
Q160: In accordance with the expense recognition principle,expenses
Q162: Your company receives advance payment in October
Q163: Reporting revenues when they are earned and
Q164: Revenues:<br>A)decrease assets.<br>B)increase stockholders' equity.<br>C)increase liabilities.<br>D)decrease expenses.
Q165: In January,a company pays for advertising space
Q166: During February,Blake Building Co.billed a customer $4,500