单选题

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.

【正确答案】 C

【答案解析】

The statement about accrued expenses is correct; a valuation adjustment for an asset converts its historical cost to current market value; accrued revenue arises when revenue has been earned but not yet received.