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Hunter Kalenda
on Nov 18, 2024

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Fees payable would appear on the balance sheet as a(n)

A) asset
B) liability
C) fixed asset
D) unearned revenue

Fees Payable

Liabilities owed for services rendered by a third party, such as professional consulting or management services, that have not yet been paid.

Balance Sheet

A financial statement showing a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

  • Differentiate between assets, liabilities, and stockholders' equity in the context of adjusting entries.
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juliana schumacherNov 24, 2024
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