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QUESTION 16 Which of the following statements are false? a. a liability is a debt for your business b. the accounting equation shows how much

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QUESTION 16 Which of the following statements are false? a. a liability is a debt for your business b. the accounting equation shows how much of your assets belong to the owner, and "how much belong to people outside the business c. if an item does not have future economic benefits, it shou not be kept as an asset d. none of the above

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