Which statement is true about expenses but not liabilities?
OA. They are recorded when owed.
OB. They have a normal debit balance.
O C.They are received in the current period.
OD. They are reported on the company's balance sheet.​

Answers

Answer 1

C. They are received in the current period.


Related Questions

Which of the following is a feature of a type lV flotation device

Answers

The feature of a Type IV flotation device is that it is designed to be thrown to a person in need of assistance in the water.

What is a Type IV flotation device?

A Type IV flotation device, also known as a throwable device, is designed to be thrown to a person in need of assistance in the water. It is not meant to be worn but rather thrown to a person to provide buoyancy and aid in keeping them afloat until help arrives.

While it can provide support to the head, it does not guarantee face-up positioning for the victim. However, it serves as a valuable aid in water rescue situations.


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