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Which of the following is not an example of a current liability as of Dec. 31, 1999? A. Management fees collected in advance in 1999,
Which of the following is not an example of a current liability as of Dec. 31, 1999?
- A. Management fees collected in advance in 1999, to be earned during 2000.
- B. The portion of long-term debt due in 2000.
- C. The interest due to creditors and bond holders for 2000, to be paid in 2000.
- D. Warranty liability for products carrying a two-year warranty and sold during 1999.
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Auditing & Assurance Services A Systematic Approach
Authors: William F Messier Jr, Steven M Glover, Douglas F Prawitt
11th Edition
1260687635, 1259969444, 9781259969447, 978-1260687637
