In the current financial period, Blue Basket Pty's accrued expenses are recorded as $300 000 and the cash paid for expenses, as shown in the statement of cash flows, is $150 000. Which of the below statements is correct?

Select one:

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

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

c.All of the options are correct.

d.Expenses may not have been paid for in advance in the current period.