A theater producer's accounting year ends on June 30 . Which of the following year-end transactions or events results in an accounting entry referred to as a deferral?
a. actors work on June 29 and 30, but are not paid until July 5
b. electricity for the month of June is not paid because the bill is not received until July
c. extras are paid in cash on June 30 for the June 30 performance
d. theater-goers pay cash on June 30 for performances that will occur in July and August
Question 2
A(n) ___________________ ___________ is a computer-based system that supports collaborative intellectual work such as idea generation, elaboration, analysis, synthesis, information sharing, and decision making.
Fill in the blank(s) with correct word