According to the concept of expense recognition under accrual-basis accounting,if costs associated with producing revenue in the current year are not paid in cash until the following year,the costs should be expensed in the current year.

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Under accrual-basis accounting, expenses should be recognized in the period they are incurred, regardless of when they are paid. This means that if costs associated with producing revenue in the current year are not paid in cash until the following year, the costs should still be expensed in the current year.

According to the Concept of Expense Recognition Under Accrual-Basis Accounting,if