Which of the following is an example of an accrued liability for a florist?
A) Employees' salaries
B) Its refrigeration cases
C) Its inventory of long-stemmed roses
D) Payment due to a supplier
E) Its funeral displays

Question

Quizplus · Accepted Answer

Accrued liabilities are expenses that a company has incurred but has not yet paid. Employees' salaries are an example of this, as they are earned by employees but not yet paid by the florist.

Which of the Following Is an Example of an Accrued