The Primary Difference Between Prepaid and Accrued Expenses Is That

question 90

Multiple Choice

The primary difference between prepaid and accrued expenses is that prepaid expenses have

• A) been incurred and accrued expenses have not incurred.
• B) not been paid and accrued expenses have been paid.
• C) been paid and accrued expenses have not been paid.
• D) not been recorded and accrued expenses have been recorded.

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Definitions:

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