(Answered)-8. When a business collects sales tax from customers, is it revenue? Why or why not? 9. What is a...

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8.  When a business collects sales tax from customers, is it revenue? Why or why not? 9.  What is a contingent liability? 10.  List the three categories of contingent liabilities. 11.  Are contingent liabilities recorded on a company’s books? Explain.  

 

Solution ID:10137731 | Question answered on 16-Oct-2016

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