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Which of the following is part of FASB's definition of an liability? O an item that will become an obligation in the future O probable

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Which of the following is part of FASB's definition of an liability? O an item that will become an obligation in the future O probable futur se benefits las definite future sacrifice of economic benefits probable future sacrifice of economic benefits Which of the following accounts should not be used in an adjusting entry? O Sales Revenue Depreciation Expense O Unearned Revenue O Cash of the parties listed below, who are external users of financial reporting information? O Competitors All of these are external users of financial reporting information O Creditors/Banks Investors

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