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All the following statements about liabilities are true EXCEPT: A Future salaries and wages to be paid for staff should be reported as liabilities OB.

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

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