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    Accounting Principles
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    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    Sales Taxes Collected by the Retailer Are Recorded as A(n)
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Sales Taxes Collected by the Retailer Are Recorded as A(n)

Question 155

Question 155

Multiple Choice

Sales taxes collected by the retailer are recorded as a(n)


A) revenue.
B) liability.
C) expense.
D) asset.

Correct Answer:

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