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Consumer Power bills the Diaz Company for gas used during the month of December. Until Consumer Power is paid, the amount owed by Diaz is

Consumer Power bills the Diaz Company for gas used during the month of December. Until Consumer Power is paid, the amount owed by Diaz is considered (by Diaz) to be a(n) _________.

liability

assest

prepaid expense

account receivable

nonrecurring expense

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