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    Intermediate Accounting Study Set 13
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    Exam 1: Current Liabilities and Contingencies
  5. Question
    Which of the Following Is a Financial Liability
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Which of the Following Is a Financial Liability

Question 49

Question 49

Multiple Choice

Which of the following is a financial liability?


A) A magazine publisher's obligation to provide the magazine monthly for an agreed upon period.
B) Warranties.
C) Accounts payable.
D) Income taxes payable.

Correct Answer:

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