stions d Multiple Choice 03-032 Which one of the following is an example of an accrued liability? O a. Supplies are purchased and used over several months. O b. An insurance policy that expires in a future period has been acquired. c. Rent that has been incurred, but have not been paid at the end of the period. d. Equipment that will benefit several periods has been purchased. 0 Icon Key d Multiple Choice 03-032 Type here to search