Meanwhile, the late government watchdog and Hammond attorney C . B . Forgotston claimed that Riser's amendment would have applied to " hundreds of thousands " of current and future retirees in all departments of state government and would have increased taxpayer liability by millions of dollars in additional accrued expenses.
12.
It shares characteristics with " accrued expense " with the difference that a liability to be covered later is an obligation to pay for goods or services received solo " from a counterpart ", while cash for them is to be paid out in a later period when its amount is deducted from " accrued expenses ".
13.
Deferred income shares characteristics with accrued expense with the difference that a liability to be covered later are goods or services received from a counterpart, while cash is to be paid out in a latter period, when such expense is incurred, the related expense item is recognized, and the same amount is deducted from " accrued expenses ".
