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Which of the Following Operating Activities Is Not Correctly Matched

Question 19

Multiple Choice

Which of the following operating activities is not correctly matched with the current liability that results from the activity?


A) Purchase inventory of goods to be sold » Accounts payable
B) Employees earn wages » Accrued wages.
C) Customers pay in advance for future purchases » Accounts receivable.
D) Rent warehouse space to store goods » Accrued rent.

Correct Answer:

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