How many of these transactions result in an expense

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Reference no: EM132637755

Question - A company has the following transactions:

1. Pay employees' salaries for the current period.

2. Pay rent in advance.

3. Pay dividends to stockholders in the current period.

4. Receive (but do not pay) a utility bill.

5. Use supplies previously purchased.

How many of these transactions result in an expense being reported in the current period using accrual-basis accounting?

Reference no: EM132637755

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