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    Financial Accounting Study Set 30
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    Exam 9: Long-Lived Tangible and Intangible Assets
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    The "Trade Payables" Account Should Generally Be Used Only for Trade
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The "Trade Payables" Account Should Generally Be Used Only for Trade

Question 95

Question 95

True/False

The "trade payables" account should generally be used only for trade payables (obligations owed to suppliers in the normal course of business) which relate to the purchase of goods and services.

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