jestion 8 Which one of the following statements does not describe liabilities correctly? ot yet swered arked out of Do Select one: Flag nestion a. Most common long-term liabilities are bond payable and mortgage payable. b. Current liabilities are long-term obligation that are payable after more than one year. O c. Examples of current liabilities are bank overdrafts, short- term loans and accrued expenses. O d. Liabilities are economic obligations of a business Next page revious page