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Taxes payable 8 - PowerPoint PPT Presentation

Current Liabilities and Contingencies

C. 12. hapter. Current Liabilities and Contingencies. Objectives. 1. Explain the characteristics of a liability. 2. Define current liabilities. 3. Account for compensated absences. 4. Understand and record payroll taxes and deductions. 5. Record property taxes.

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Taxes payable 8 - PowerPoint PPT Presentation

Current Liabilities and Contingencies