Which of the following would most likely lead to an accrued adjustment?
A) Interest revenue earned but not yet collected.
B) Prepaid insurance
C) Prepaid wages.
D) Rent received in advance.

Question

Quizplus · Accepted Answer

Accrued adjustments are made for revenues that have been earned but not yet received in cash or recorded. Interest revenue earned but not yet collected fits this description, as it represents money that is owed to the company but has not yet been paid.

Which of the Following Would Most Likely Lead to an Accrued