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    Fundamental Financial Accounting Concepts Study Set 2
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    Exam 9: Accounting for Current Liabilities and Payroll
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    Monthly Remittance of Sales Tax
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Monthly Remittance of Sales Tax

Question 97

Question 97

Multiple Choice

Monthly remittance of sales tax:


A) Reduces stockholders' equity.
B) Is a claims exchange transaction.
C) Reduces liabilities.
D) All of the above.

Correct Answer:

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