Question: Question 2 6 ( 1 point ) What is the liability called that arises from an expense that the business has incurred but has not

Question 26(1 point)What is the liability called that arises from an expense that the business has incurred but has not yet paid?It is referred to as an accrued expense. It is known as an unearned expense. It is called a prepaid expense.It is called a deferred expense.

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