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In this unit, you examine different types of liabilities. For this assignment, compose an essay that answers the following questions: What are three main characteristics

In this unit, you examine different types of liabilities. For this assignment, compose an essay that answers the following questions:

What are three main characteristics of liabilities, and why is it important to classify liabilities into short-term and long-term? Include examples of short and long-term liabilities in your response.

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