Liabilities that have been incurred but are not yet due, are called:
A)Accrued liabilities
B)Current liabilities
C)Long-term liabilities
D)Noncurrent liabilities

Question

Quizplus · Accepted Answer

Accrued liabilities are obligations that a company has incurred but has not yet paid or recorded. These liabilities can include items such as salaries or interest expenses. They are considered current liabilities because they are typically due within one year.

Liabilities That Have Been Incurred but Are Not Yet Due