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    Auditing Assurance Services Study Set 1
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    Exam 16: Audit of Transaction Cycles and Financial Statement Balances II
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    Estimated Unpaid Obligations for Services or Benefits That Have Been
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Estimated Unpaid Obligations for Services or Benefits That Have Been

Question 65

Question 65

Multiple Choice

Estimated unpaid obligations for services or benefits that have been received prior to the balance sheet date are classified as:


A) miscellaneous assets.
B) accrued liabilities.
C) accounts payable.
D) deferred charges.

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