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Use the following to answer questions 1-5 Select the correct reporting method for each of the items listed below: 1. 2. 3. 4. Unused line

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Use the following to answer questions 1-5 Select the correct reporting method for each of the items listed below: 1. 2. 3. 4. Unused line of credit. Accounts payable Bond payable. Sales tax collected from customers. Reporting Method A. Current Liability B. Long term liability C. Disclosure note only D. Not reported A contingent liability with a reasonably possible likelihood of occurring within the next year and cannot be estimated

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