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Match Each of the Following Terms Pertaining to Liabilities to Their

Question 59

Multiple Choice

Match each of the following terms pertaining to liabilities to their definitions.
-A liability that has been incurred but has not been paid as of the balance sheet date.


A) Current liability
B) Accounts payable
C) Notes payable
D) Discount on notes payable
E) Current maturities of long-term liabilities
F) Accrued liabilities
G) Contingent liability
H) Estimated liability

Correct Answer:

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