Accrued Liabilities: Accrued liabilities are those expenses that are incurred but not yet paid. To explain: The conditions used by employer to accrue expense and related liability for employees’ compensation for future absences.

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Chapter 13, Problem 13.8Q

To determine

Accrued Liabilities: Accrued liabilities are those expenses that are incurred but not yet paid.

To explain: The conditions used by employer to accrue expense and related liability for employees’ compensation for future absences.

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