Accrued liabilities are obligations for which there is noexternal transaction. Select one: True False

Answers

Answer 1
Answer:

The statement "Accrued liabilities are obligations for which there is no

external transaction" is FALSE because accrued liabilities are obligations that a company has incurred but has not yet paid for or recorded.

Accrued liabilities, also known as accrued expenses, represent a company's financial obligations that have been incurred but not yet recorded in its financial statements or paid.

They are a result of the accrual accounting method, which requires revenues and expenses to be recognized when they are earned or incurred, rather than when cash is received or paid.

These liabilities typically represent expenses that have been incurred but not yet invoiced or paid, such as wages, interest, or taxes. Although there may not be an external transaction that has occurred (like receiving an invoice), accrued liabilities still represent real obligations that the company is responsible for paying.

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Answers

Answer:

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Answers

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Answers

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Answers

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Answers

When the power company calculates your power bill, they use Kilowatt hours which are also known as KWh. Your total cost would be the amount of each KWh multiplied by how many you have used during the billing period. So for example if each KWh costs 10 cents, and you used a total of 500, your total cost for that period would be $50.

Answer:

b.Kilowatt hours

Explanation: