All categories

3 years ago

An expense that has been incurred but not yet paid is called a(n) ________.

1 answer:

3 0

An expense that has been incurred but not yet paid is called an accrued expense.
An expense is categorized into many types according their property, like discount expense, depreciation expense, prepaid expense etc
Salaries payable and interest payable are the examples of Accrued expense, salaries payable are for one accounting period, they are not paid until the next.

You might be interested in

The December 31, Year 1, financial statements of Edwards Co. (a privately held company) were available to be issued on March 1,

Leno4ka [110]

Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements

A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.

Here, there are various stocks in Edward Company which were issued in the accounting year.

Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements

Read more about Footnote

brainly.com/question/25306530

3 0

2 years ago

Who want to teach me for be a hacker im a good boy

mestny [16]

Ok ill teach ya then

Explanation:

7 0

3 years ago

The difference between a financial aid package and total cost of collage can be made up by ______.

Gennadij [26K]

Personal savings and student loans

6 0

2 years ago

Read 2 more answers

The distinction between substitutes and complements is

gregori [183]

A substitute is something you replace and use something different in it's place.

Complement is something added to enhance the original

8 0

3 years ago

The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to th

MAXImum [283]

Answer:

$14,506

Explanation:

Calculation to determine what the total materials handling cost allocated to the wall mirrors is closest to:

First step is to calculate Material handling cost per labor hour

Material handling cost per labor hour = $16,754.50 / [(12,900 * 9) + (1,500 * 12)]

Material handling cost per labor hour =$16,754.50/(116,100+18,000)

Material handling cost per labor hour = $16,754.50/134,100

Material handling cost per labor hour =0.124940

Now let calculate the Materials handling cost allocated to wall mirrors

Materials handling cost allocated to wall mirrors = 12,900 *9*0.124940

Materials handling cost allocated to wall mirrors = $14,506

Therefore the total materials handling cost allocated to the wall mirrors is closest to:$14,506

8 0

3 years ago

An expense that has been incurred but not yet paid is called​ a(n) ________.

An expense that has been incurred but not yet paid is called a(n) ________.