Which of the following would be recognized as an expense in the current financial period?

(a) A payment made in the current financial period to purchase a machine that will be used at the beginning of the next financial period.

(b) An invoice for printing, owing at the end of the previous financial period, paid in the current financial period.

(c) An invoice received for gas, used in the last quarter of the current financial period, not paid until the next financial period.

(d) A cash payment made during the current financial period but relating to the first three months’ rent due for the next financial period.