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    Exam 1: The Purpose and Use of Financial Statements
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    The Liability Created by a Business When It Purchases Coffee
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The Liability Created by a Business When It Purchases Coffee

Question 86

Question 86

Multiple Choice

The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is called a(n)


A) account payable.
B) account receivable.
C) revenue.
D) expense.

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