46. Which of the following statements is most accurate?
A. Accrued revenue arises when a company receives cash prior to earning the revenue.
B. A valuation adjustment for an asset converts its historical cost to its depreciated
value.
C. Accrued expenses arise when a company incurs expenses that have not yet been paid
as of the end of the accounting period.
Bạn đang xem 46. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2011