The Primary Difference Between Prepaid and Accrued Expenses Is That

Multiple Choice

The primary difference between prepaid and accrued expenses is that prepaid expenses have

A) not been recorded and accrued expenses have been recorded.
B) not been paid and accrued expenses have been paid.
C) been paid and accrued expenses have not been paid.
D) been incurred and accrued expenses have not incurred.