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Which does not satisfy the definition of a liability

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Reference no: EM132885041

Problem 1: Which of the following does NOT satisfy the definition of a liability?

Select one:

a. Allowance for bad and doubtful debts

b. Damages and costs that would result from the loss of a current court case

c. Obligation for annual leave and long service leave because there is no present obligation

d. Unearned revenue because it is an obligation to perform future services

Reference no: EM132885041

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