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  3. Study Set
    Fundamental Accounting Principles Study Set 5
  4. Exam
    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    Sales Taxes Payable
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Sales Taxes Payable

Question 14

Question 14

Multiple Choice

Sales taxes payable:


A) Is an estimated liability.
B) Is a contingent liability.
C) Is a current liability for retailers.
D) Is a business expense.
E) Is a long-term liability.

Correct Answer:

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