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Which one of the following is an example of an accrued liability? a . Rent has been incurred but has not been paid at the
Which one of the following is an example of an accrued liability?
a Rent has been incurred but has not been paid at the end of a period.
b Equipment that will benefit several periods has been purchased.
c Supplies are purchased and used over several months.
d An insurance policy that expires in a future period has been acquired.
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