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  3. Study Set
    Introduction to Financial Accounting
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    Exam 1: Accounting: the Language of Business
  5. Question
    A Liability That Results from a Purchase of Goods or Services
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A Liability That Results from a Purchase of Goods or Services

Question 120

Question 120

Multiple Choice

A liability that results from a purchase of goods or services on open account is referred to as a(n)


A) accounts receivable.
B) notes payable.
C) accounts payable.
D) notes receivable.
E) capital stock.

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