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If a company lists sales tax payable as a liability on its balance sheet, this line item likely reflects: O The company's sales tax expense
If a company lists "sales tax payable" as a liability on its balance sheet, this line item likely reflects: O The company's sales tax expense for the last accounting period Sales tax the company owes to its suppliers O The employer's share of payroll taxes for the sales staff O Sales tax the company has collected but not yet paid to the state
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