Which of the following would most likely lead to an accrued adjustment?

Question

Quizplus · Accepted Answer

Accrued adjustments typically involve revenues earned but not yet collected or expenses incurred but not yet paid. Option A is the only one that meets this criteria, as interest revenue is earned regardless of when it is collected. Options B, C, and D all involve prepayments, which are typically recorded as deferred or prepaid expenses until the associated service or benefit is actually received.

Which of the Following Would Most Likely Lead to an Accrued