Liabilities are: (a) the capital of an organisation (b) the total of assets and capital (c) the

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Liabilities are:

(a) the capital of an organisation

(b) the total of assets and capital

(c) the obligation to transfer economic resources

(d) the total an organisation would have to pay if it were wound up

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Financial Accounting

ISBN: 9780273658597

3rd Edition

Authors: Anne Britton, Christopher Waterston

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