Which of the following would most likely lead to an accrued adjustment?
A)Interest revenue earned but not yet collected
B)Wages incurred as an expense but not yet paid
C)Rent owed to us and not yet received
D)All of these are accrued adjustments

Question

Quizplus · Accepted Answer

Accrued adjustments relate to transactions that have occurred, but the corresponding cash flows have not yet been realized. All of the options given, interest revenue, wages incurred, and rent owed, represent transactions for which cash flows will be received/paid at a later date, making them examples of accrued adjustments.

Which of the Following Would Most Likely Lead to an Accrued