Multiple Choice
The financial accounting element that best describes a payment of rental expense for the company's offices for the operations during the year is
A) Assets
B) Liability
C) Distribution to owners
D) Expense
E) Revenue
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q60: In order for a liability to be
Q61: For the FASB, one of the primary
Q62: In accounting, the concept for whether different
Q63: In accounting, the concept for whether information
Q64: The financial accounting "element" that best describes
Q66: Assume that a magazine publishing company collects
Q67: The Rachel Corp. provides consulting services. One
Q68: According to the FASB, it is desirable
Q69: The amount of cash a company spends
Q70: All of the following items are expenses