Liabilities can be provisions, contingent liabilities or other liabilities. Categorise each of the following liabilities...
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Accounting
Liabilities can be provisions, contingent liabilities or other liabilities. Categorise each of the following liabilities as provisions, contingent liabilities or other liabilities. (a) An unquantifiable liability for restoring a polluted river (b) Accounts payable (c) Wages payable (d) Obligation for unexpired warranty costs (e) Trade creditors (f) Obligations for employees' long service leave (9) Accrued interest liability (h) Mortgage loan (i) Guarantee for another's loan, which will be payable if the other party defaults
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