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    Financial Accounting Study Set 4
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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 123

Question 123

Multiple Choice

Which of the following would be considered a known liability?


A) Federal income tax payable
B) Warranties payable
C) Pending litigation
D) Possible contingency payable

Correct Answer:

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