Which of the Following Is an Accrued Liability

question 155

Multiple Choice

Which of the following is an accrued liability?

• A) rent that has been incurred but that has not been paid at the end of the period
• B) equipment that has been purchased and that will benefit several periods
• C) an insurance policy that has been acquired and that will expire in a future period
• D) supplies that have been purchased and that will be used over several months.

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Definitions:

Self-Referential

Refers to an entity that includes a reference to itself, often used in structures or statements in computing.

Process

A set of actions or steps taken in order to achieve a particular end in computation.

Mutual Recursion

A situation where two or more functions call each other in a recursive manner.

Invokes

To invoke in programming means to run or execute a function, method, or procedure.