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QUESTION 20 Firms are not allowed to change the accounting principles used to generate financial statements. True False 2 points QUESTION 21 Which common liabilities

QUESTION 20

Firms are not allowed to change the accounting principles used to generate financial statements.

True

False

2 points

QUESTION 21

Which common liabilities usually fall under the classification of Obligations with Fixed Payment Dates and Amounts ?

A.

operating liabilities

B.

borrowing liabilities

C.

supplier payments

D.

All of the above

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