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In the current financial period, accrued expenses are recorded as $250 000 and the cash paid for expenses, as shown in the statement of cash

In the current financial period, accrued expenses are recorded as $250 000 and the cash paid for expenses, as shown in the statement of cash flows, is $180 000. This means that:

expenses may have been paid for in advance in the previous period.

expenses may have been incurred in the current period and have not been paid by the end of the current period.

depreciation may have been recorded in the statement of profit or loss.

all of the options are correct

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