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  3. what is true about expenses and liabilities?

What is true about expenses and liabilities? Liabilities usually have...

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Accounting

What is true about expenses and liabilities?

  • Liabilities usually have the word "payable" in the account title.unanswered
  • Expenses represent additional sums earned by the company.unanswered
  • Liabilities represent sums of money owed by third parties to the company.unanswered
  • Expenses usually have the word "expense" in the account title.unanswered

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