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Which of the following accounts is most likely to appear on the balance sheet as a current liability?
Used Shotgun
A pre-owned firearm designed to shoot a number of small diameter pellets, which has been previously owned or utilized by someone else.
Breach of Contract
Breaching any terms and conditions that were mutually agreed upon in a legally enforceable agreement.
Time Limit
A specific duration within which a task must be completed or a condition must be met.
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