Costs incurred to produce future benefits are usually liabilities.

Name: Costs incurred to produce future benefits are usually liabilities.
Brand: Quizplus
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Quizplus · Accepted Answer

Costs incurred to produce future benefits are typically considered assets, not liabilities. They represent resources that the company owns and can use to generate future revenue or benefits. Liabilities, on the other hand, are obligations that a company owes to others and must settle in the future, such as payments owed to creditors or suppliers.

Costs Incurred to Produce Future Benefits Are Usually Liabilities