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    Contemporary Business Study Set 2
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    Exam 15: Understanding Accounting and Financial Statements
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    Expenses That Have Been Incurred (Such as Wages) but Have
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Expenses That Have Been Incurred (Such as Wages) but Have

Question 18

Question 18

Multiple Choice

Expenses that have been incurred (such as wages) but have yet to be paid, are reported on the balance sheet as ______.


A) accounts payable
B) accounts receivable
C) accruals
D) notes payable

Correct Answer:

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