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  3. many current liabilities are affected by accrual a

Many current liabilities are affected by accrual accounting entries. This happens because: Multiple Choice accrual...

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Accounting

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Many current liabilities are affected by accrual accounting entries. This happens because: Multiple Choice accrual accounting involves recognizing liabilities when expenses have been incurred but not yet paid. accrual accounting frequently involves recognizing liabilities before they are incurred. liabilities are usually paid when they are incurred. the only way to reduce a liability account balance is with an adjusting entry

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