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.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: Gross pay less all deductions is called
Q36: A _ shows the pay period dates,
Q75: Deacon Company provides you with following information
Q76: Accounts payable are:<br>A)Amounts owed to suppliers for
Q77: Which of the following is not true
Q79: An employee earned $62,500 during the year
Q81: A payroll register does not include:<br>A)Pay period
Q82: The correct times interest earned computation is:<br>A)(Net
Q83: The current FUTA tax rate is 0.6%,and
Q108: _are probable future payments of assets