> A Moving to another question will save this response. Question 5 Which of the following statements is NOT true regarding liabilities: O A. Information about liabilities is more useful when the balance sheet identifies them as either short or long term OB. A liability is a probable future payment of assets or services. OC. To be reported. It must be a present obligation that results from a past transaction or event and requires a future payment of settore D. Potential future wages to be paid to employees should be recorded as labitjes