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Consider three different businesses: 1. A bank 2. A magazine publisher 3. A department store For each business, list all of its liabilities - both

Consider three different businesses:

1. A bank

2. A magazine publisher

3. A department store

For each business, list all of its liabilities - both current and long-term. Then compare the three lists to identify the liabilities that the three businesses have in common. Also identify the liabilities that are unique to each type of business.

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