Question: Which statement is true regarding liabilities? a . ) Liabilities are an obligation to pay on some future date. b . ) Equipment, buildings, and
Which statement is true regarding liabilities?
a
Liabilities are an obligation to pay on some future date.
b
Equipment, buildings, and land are examples of liabilities.
c
Accrued liabilities are for goods and services that have not been provided to the company.
d
Accounts payable are bills from suppliers that have already been paid.
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