Question: An accrued expense occurs when: Multiple Choice An expense is recorded before the payment of cash. Cash is paid but an expense is never recorded.

An accrued expense occurs when:
Multiple Choice
An expense is recorded before the payment of cash.
Cash is paid but an expense is never recorded.
Cash payment (or an obligation to pay cash) occurs before the cost is used in running the business.
An expense is recorded at the same time as the cash payment.
An accrued expense occurs when: Multiple Choice An expense is recorded

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