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    Financial Accounting Study Set 1
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    Exam 9: Current Liabilities and Long-Term Debt
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    Which of the Following Would Be Considered a Known Liability
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Which of the Following Would Be Considered a Known Liability

Question 74

Question 74

Multiple Choice

Which of the following would be considered a known liability?


A) Federal income tax payable
B) Warranties payable
C) Pending litigation
D) Notes payable
E) Both federal income tax payable and notes payable

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