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    Fundamental Accounting Principles Study Set 6
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    Exam 11: Current Liabilities and Payroll Accounting
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    When a Company Is Obligated for Sales Taxes Payable,it Is
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When a Company Is Obligated for Sales Taxes Payable,it Is

Question 78

Question 78

Multiple Choice

When a company is obligated for sales taxes payable,it is reported as a(n) :


A) Estimated liability.
B) Contingent liability.
C) Current liability.
D) Business expense.
E) Long-term liability.

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