Which of the following items results in a contingent liability? Multiple Choice Advertising expense Income...
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Which of the following items results in a contingent liability? Multiple Choice Advertising expense Income tax expense A lawsuit filed against a company Interest expense The entry to record the initial borrowing of cash by issuing a promissory note will include a debit to and a credit to Multiple Cholce Notes Payable: Cash Interest Expense: Cash Cash; Notes Payable Cash; Interest Expense
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