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Why Accounts payable is not regarded as a Liability in this question? please explain step-by-step. Many thanks. Despite the uncertainty in relation to the
Why " Accounts payable" is not regarded as a Liability in this question?
please explain step-by-step. Many thanks.
Despite the uncertainty in relation to the exact amount to be paid and the actual timing of the payment, which of the following is still regarded as a liability? A. Deposit on services received in advance. B. Provision for employee bonuses. C. Accounts payable. D. Money borrowed from an associate companyStep by Step Solution
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