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    Financial Accounting
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    Exam 2: Financial Statements: a Window on an Entity
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    Which of the Following Is Not a Liability
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Which of the Following Is Not a Liability

Question 11

Question 11

Multiple Choice

Which of the following is not a liability?


A) The amount owing to a supplier
B) A warranty sold with a product
C) The amount owing for next month's rent
D) A cash deposit received on a sale for next month

Correct Answer:

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