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    Accounting Business Reporting Study Set 1
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    Exam 1: Introduction to Accounting and Business Decision Making
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    Which of the Following Is an Example of a Liability
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Which of the Following Is an Example of a Liability

Question 36

Question 36

Multiple Choice

Which of the following is an example of a liability?


A) Allowance for doubtful debts.
B) Revenue received in advance.
C) Prepayments.
D) Accumulated depreciation.

Correct Answer:

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