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  2. Topic
    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 5: Presentation of Financial Position and the Worksheet
  5. Question
    Which of the Following Is Classified as a Liability
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Which of the Following Is Classified as a Liability

Question 18

Question 18

Multiple Choice

Which of the following is classified as a liability?


A) Wages expense
B) Accounts payable
C) Owners' drawings
D) Retained profits

Correct Answer:

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