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Question 39 (1 point) Which of the items is not a current liability Accounts Payable...

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Accounting

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Question 39 (1 point) Which of the items is not a current liability Accounts Payable Long Term Note Payable Deferred Revenue Salaries Payable Question 40 (1 point) A liability is best described as in accounting terms as O a past economic obligation of the company a future economic obligation on behalf of the company something that is not an asset a legal description of an obligation Question 41 (1 point) Cumulative profits of a company that have not been paid out to shareholders in the form of dividends are called Dividends declared but not yet paid Taxable income Retained Earnings Non Taxable income 10

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