Question
Which of the following statements is not true about liabilities? a.Liabilities include accumulated depreciation. b.Account titles of liabilities often include the term payable. c.Liabilities include
Which of the following statements is not true about liabilities?
a.Liabilities include accumulated depreciation.
b.Account titles of liabilities often include the term "payable."
c.Liabilities include the employee portion of FICA.
d.Cash received before a service is performed creates a liability.
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Principles Of Cost Accounting
Authors: Robert E. Schmiedicke, Charles F. Nagy, Edward J. Vanderback, E.J. Vanderbeck C.F. Nagy
9th Edition
0538812915, 978-0538812917
