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An accounting liability arises when a firm A. Signs a new labor union contract which includes a 6% pay raise for its union employees B.
An accounting liability arises when a firm
A. Signs a new labor union contract which includes a 6% pay raise for its union employees
B. Signs a contract to purchase 100,000 units of inventory from a supplier over the next two years
C. Receives inventory previously ordered but not paid for
D. Both B and C
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