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    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
  5. Question
    The Landlord Records the Security Deposit She Collects from the Tenant
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The Landlord Records the Security Deposit She Collects from the Tenant

Question 105

Question 105

Multiple Choice

The landlord records the security deposit she collects from the tenant as a(n)


A) asset.
B) liability.
C) contingent liability.
D) contra liability.

Correct Answer:

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