A salary owed to employees is an example of an accrued expense.
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Q52: Accumulated depreciation is shown on the balance
Q53: In accrual accounting, accrued revenues are recorded
Q54: Profit margin is calculated by dividing net
Q55: Earned but uncollected revenues are recorded during
Q56: A contra account is an account linked
Q58: Profit margin reflects the percent of profit
Q59: Depreciation expense for a period is the
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