Question: Accrued liabilities occur when: Multiple Choice an expense is recorded at the same time as the cash payment. cash is paid but an expense is

Accrued liabilities occur when:
Multiple Choice
an expense is recorded at the same time as the cash payment.
cash is paid but an expense is never recorded.
an obligation to pay cash occurs before the expense recognition.
an expense has been recorded but is not yet paid.
Accrued liabilities occur when: Multiple Choice

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