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    Intermediate Accounting Study Set 2
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    Exam 13: Current Liabilities and Contingencies
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    Which of the Following Is Not a Liability
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Which of the Following Is Not a Liability

Question 49

Question 49

Multiple Choice

Which of the following is not a liability?


A) An unused line of credit.
B) Estimated income taxes.
C) Sales tax collected from customers.
D) Advances from customers.

Correct Answer:

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