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    Principles of Accounting Study Set 1
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    Exam 11: Current Liabilities and Fair Value Accounting
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    When a Business Sells an Item and Collects a State
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When a Business Sells an Item and Collects a State

Question 139

Question 139

True/False

When a business sells an item and collects a state sales tax on it,a current liability to the state arises.

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