Sales taxes payable is reported as a(n):
A. Contingent liability.
B. Long-term asset.
C. Current liability.
D. Business expense.
E. Estimated liability.
Answer: C
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A) corporate B) administered C) contractual D) regulatory E) controlled
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Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
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Answer the following statement true (T) or false (F)