Instructions: Identify the Following Term(s)

question 21

Short Answer

Instructions: Identify the following term(s).
Ivan IV

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Definitions:

Accrued Expense

Costs that have been incurred for goods or services but have not yet been paid for or recorded in the financial statements.

Accrued Revenues

Revenues that have been earned (through the delivery of goods or services) but not yet received in cash or recorded.

Goods

Physical items that are produced or purchased for sale by a business.