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Many current liabilities are affected by accrual accounting entries. This happens because: A. liabilities are usually paid when they are incurred. B. accrual accounting involves

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

A. liabilities are usually paid when they are incurred.

B. accrual accounting involves recognizing liabilities before they are paid.

C. the only way to reduce a liability account balance is with an adjusting entry.

D. accrual accounting frequently involves recognizing liabilities before they are incurred.

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