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What current liability does the sale create

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Reference no: EM132965392

Problem - A company sells $170,000 (sales price) of goods and collects sales tax of 8%. What current liability does the sale create?

A. Sales tax payable of $13,600

B. Unearned revenue of $13,600

C. Sales revenue of $183,600

D. None; the company collected cash up front.

Reference no: EM132965392

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