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Choose the one alternative that best completes the statement or answers the question.
Solve the equation.
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Accounts Payable
Liabilities owed by a business to creditors for purchases of goods and services on credit, to be paid in the near term.
Work in Process Inventory
inventory that is in the production process but not yet completed.
Factory Wages Payable
Liabilities for wages owed to manufacturing employees that have not yet been paid.
Factory Payroll
The total compensation paid to employees working within a manufacturing setting, including wages, salaries, and benefits.
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