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One of the functions retailers undertake to increase the customer's perception of value is providing services.Which of the following would be an example of that activity?
Tax Allowances
Deductions or adjustments to taxable income permitted by tax authorities, allowing individuals or businesses to reduce their taxable income.
Contingent Liabilities
Potential liabilities that may occur depending on the outcome of a future event, which are recorded in the financial statements if the occurrence is likely and the amount can be reasonably estimated.
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