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Accounting

When payrolls and other liabilities are incurred and must be paid before substantial amounts of cash will be collected, what type of short-term note is desirable and secured by a government's power to tax?

A. Tax Encumbrances Note Payable

B. Tax Budget Note Payable

C. Tax Relief Note Payable

D. Tax Anticipation Note Payable

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M965374

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