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6) Which of the following best describes a liability? A) Liabilities are a form of share capital. B) Liabilities are future economic benefits to
6) Which of the following best describes a liability? A) Liabilities are a form of share capital. B) Liabilities are future economic benefits to which a company is entitled. C) Liabilities are accounts receivable of the company. D) Liabilities are economic obligations to creditors to be paid at some future date by the company.
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