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Project 1: Consider three different businesses. 1. A bank 2. A

Project 1:  Consider three different businesses.

1. A bank

2. A magazine publisher

3. A department store    

For each business, list all of its liabilities-both current and long-term.  

Then compare the three lists to identify the liabilities that the three businesses have in common.

Also identify the liabilities that are unique to each type of business.


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