Question: What statement is NOT true about liabilities: O They can represent expenses that have been incurred but not yet paid They can result from

What statement is NOT true about liabilities: O They can represent expenses that have been incurred but not yet paid They can result from

What statement is NOT true about liabilities: O They can represent expenses that have been incurred but not yet paid They can result from cash being collected in advance of a service being performed O They occur because of past transactions O They represent amount owed from customers

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