Question: Which statement below is FALSE? Select one: A.Assets are divided into current and long-term categories. B.Income taxes payable is an accrued liability. C. Prepaid expenses

Which statement below is FALSE? Select one: A.Assets are divided into current and long-term categories. B.Income taxes payable is an accrued liability. C. Prepaid expenses include accrued interest payable. D. Accrued liabilities can include liabilities for salaries.

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