An Accrued Liability Is a Liability for an Expense That

question 134

True/False

An accrued liability is a liability for an expense that has not yet been paid.

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Definitions:

Online Travel Agency

A web-based platform that allows consumers to book travel-related services such as flights, hotels, and rental cars.

Music Streaming

A service that allows users to listen to music online without downloading it, by means of continuous data streaming.

Idle Production Capacity

Unused or unutilized facility, equipment, or resources in a manufacturing process that could otherwise produce goods or services.

Equipment-based Services

Services that are primarily provided through the use of specialized machinery or equipment, often in sectors like healthcare, construction, or manufacturing.