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c Estimated property taxes. d. A commitment to pay a certain entertainer $30,000 e. Estimated income taxes. f. he unul a th months. The guarantee

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c Estimated property taxes. d. A commitment to pay a certain entertainer $30,000 e. Estimated income taxes. f. he unul a th months. The guarantee of $250,000 worth of a subsidiary's debt. Problem 5 contingency, or contingent Indicate whether each of the following items is a real liability, loss c liability: a. Debt guarantee of a subsidiary's loan b. Note payable due in ninety days c. Liability for income tax d. Salaries payable Liability due to a pending lawsuit e. f Liability for product warranty g. Accounts payable Problem 6 Jack and Sally Corporation acquired a sixty-day note payable for $30,000 with an i rate of 10 percent

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