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Which would not be defined as a liability

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Reference no: EM132642308

Problem 1: Which of these would not be defined as a liability under the Conceptual Framework?

Select one:

a. Wages owing to employees.
b. Money owing to a supplier for goods purchased.
c. An arrangement to pay a bonus commission to salespersons for achieving sales over a certain level.
d. A loan from a financial institution.

Reference no: EM132642308

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