Which of the following statements is true of a deferred expense?

Use letters in alphabetical order to select options

1. A
2. It relates to a cash payment for goods or services not yet received
3. B
4. It may be recorded initially with a debit to expense or a debit to deferred expense
5. C
6. An expense is only deferred until the related check is cashed by the payee
7. D
8. Both a and b
9. E
10. Both a and c