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Which One of the Following Is an Example of an Accrued

Question 119

Multiple Choice

Which one of the following is an example of an accrued liability?


A) Wages have been earned by employees,but have not been paid at the end of the period.
B) Equipment that will benefit several periods has been purchased.
C) An insurance policy that expires in a future period has been acquired.
D) Supplies are purchased and used over several months.

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