Question

Baldwin company incurred and recorded an expense for material costs that have not yet been paid as of year-end. on the balance sheet, they will most likely be reported as:_____.

Answer 1

Based on the fact that Baldwin company has not yet paid the expense for material costs, this will be reported as Accrued expenses.

What are accrued expenses?

Accrued expenses are those expenses that a company has recorded for a period but by the end of the period have not be able to pay it off.

Accrued expenses will be recorded to show that a company still owes for the expenses at the end of the period. It is therefore shown as a current liability in the balance sheet.

Find out more on accrued expenses at brainly.com/question/14637710

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