Originally Posted by
saltbae
That doesn’t even sound right. You can’t have an expense that doesn’t even exist. Earnings call stated less demand and slower growth than expected and travel going back to more traditional times (holidays and weekend travel).. regardless it looks like the economy is cooling off quickly
I'm no expert but...
"An accrued expense is one that is known to be due in the future with certainty. The expense has already occurred but not yet been paid.
Companies elect to make provisions for future obligations whose specific amount or date is unknown."
https://www.investopedia.com/ask/answers/030215/whats-difference-between-accrued-expenses-and-provisions.asp#:~:text=An%20accrued%20expense%20is %20one,amount%20or%20date%20is%20unknown.