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An accrued income is income... a. for which the underlying asset was consumed but was not yet paid. b. paid for in one accounting period,
An accrued income is income... a. for which the underlying asset was consumed but was not yet paid. b. paid for in one accounting period, but for which the underlying asset will not be consumed until a future period. c. for which the underlying asset was consumed and paid. d. that has not been received in the accounting period when the underlying obligation was fulfilled
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