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HOLMES INSTITUTE On Question 6 (Topic 11) - 6 marks What are the three elements of the definition for liabilities? List from the following items

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HOLMES INSTITUTE On Question 6 (Topic 11) - 6 marks What are the three elements of the definition for liabilities? List from the following items that are classified as liabilities and explain why, or why not, they are classified as liabilities: a) Provision for warranty b) Unearned revenue c) GST payable d) Allowance for doubtful debts e) A disputable lawsuit

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