Annual property taxes that are paid at the end of the year.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these

Accrued Expense

Expenses that have been incurred but not yet paid, recognized in accounting even if no cash has been exchanged.

Property Taxes

Taxes levied by local governments on real estate owned by individuals and businesses based on the assessed value of the property.

Annual

Relating to a period of one year.