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Which of the following assertions is a true statement about changes in aggression exhibited by children?
Sales Tax Payable
An account responsible for tracking the sales tax gathered from buyers, due to be paid to the authorities.
Accounts Receivable
Funds that customers owe to a business for goods or services already provided but not yet compensated for.
Sales Tax Payable
A liability account that accumulates the collected sales tax from customers to be remitted to the respective tax authorities.
Asset Account
An asset account is a category in the financial statements that reports the value of a company's assets, such as cash, inventory, property, and equipment.
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