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Which of the following is not a characteristic of reciprocal wills?
HST
Harmonized Sales Tax, a combined tax that includes both federal and provincial sales taxes in some Canadian provinces.
Financial Liability
An obligation to pay money to another party, including loans, bond issuances, and accounts payable.
Notes Payable
A formal, written agreement to pay a certain amount of money, with interest, by a specified future date.
Deferred Revenue
Income received by a company for goods or services yet to be delivered or performed, recognized as a liability.
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