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