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    Survey of Accounting Study Set 8
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    Exam 2: Accounting for Accruals and Deferrals
  5. Question
    How Will Accounts Payable Appear on the Following Financial Statements
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How Will Accounts Payable Appear on the Following Financial Statements

Question 108

Question 108

Multiple Choice

How will accounts payable appear on the following financial statements?


A) Expense on the income statement
B) Revenue on the income statement
C) Liability on the balance sheet
D) Asset on the balance sheet

Correct Answer:

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