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**Please new ans What distinguishes a current liability from a non-current liability? In terms of current liabilities, what distinguishes accrued liabilities from deferred liabilities? Provide

**Please new ans

What distinguishes a current liability from a non-current liability? In terms of current liabilities, what distinguishes accrued liabilities from deferred liabilities? Provide at least one example of each. Choose two of the following and discuss how to record entries for deposits, gift cards, warranties, and loss contingencies.

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