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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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    Which of the Following Most Likely Is an Estimated Liability
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Which of the Following Most Likely Is an Estimated Liability

Question 157

Question 157

Multiple Choice

Which of the following most likely is an estimated liability?


A) Liability for vacation pay
B) Payroll liabilities
C) Unearned revenues
D) Current portion of long-term debt

Correct Answer:

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