which of the following describes an accrued liability? a. it is an expense that has...

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Accounting

which of the following describes an accrued liability? a. it is an expense that has been prepaid but not yet consumed b. it is a liability where the cash flow has taken place but the revenue has yet to be earned c. it is an expense that has been both incurred and paid d. it is an expense that has been incurred but not yet paid

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