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Consider each of the following transactions and determine if they satisfy the expense definition criteria under the accrual method of accounting: Paid salaries owing from

Consider each of the following transactions and determine if they satisfy the expense definition criteria under the accrual method of accounting:

Paid salaries owing from the previous reporting period

Received invoice for internet charges incurred this reporting period

Depreciation of office equipment

Paid a supplier for the goods that had been purchased on credit

Purchased inventory on credit

a.

Meets the expense definition criteria

b.

Does not meet the expense definition criteria

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