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Question 7 All the following statements about liabilities are true EXCEPT O A. They are...

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Question 7 All the following statements about liabilities are true EXCEPT O A. They are classified as short or long term liabilities. O B. Future salaries and wages to be paid for staff should be reported as liabilities. O c. They are probable future payments of assets or services. OD. To be reported, they must be present obligations that results from a past transactions or events. A Moving to another question will save this response

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