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    Financial Accounting Study Set 1
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    Exam 10: Liabilities
  5. Question
    Which of the Following Accounts Could Have a Non-Zero Balance
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Which of the Following Accounts Could Have a Non-Zero Balance

Question 10

Question 10

Multiple Choice

Which of the following accounts could have a non-zero balance on a post-closing trial balance?


A) Salaries and Wages Expense
B) Premium on Bonds Payable
C) Income Tax Expense
D) Interest Expense

Correct Answer:

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