Solution-Which item does not result in the recording of a

Which item does not result in the recording of a liability

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Reference no: EM132986758

Problem 1: Which item does NOT result in the recording of a liability?

a. Reasonably Possible Contingent Loss

b. Compensated Absences

c. Payroll Accrued

d. Employer Tax Accrued

e. Customer Deposits

Problem 2: Trey reports a loss of $140,000 in 2024 before tax effects. Future income is probable; tax rate 30%. 2024 Net Loss is:

Select one:

a. $182,000

b. $98,000

c. $140,000

d. $42,000

e. $16,000

Reference no: EM132986758

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Which item does not result in the recording of a liability

Reference no: EM132986758

Reference no: EM132986758

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