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Question 3 2.5 pts Current liabilities are amounts that the entity owes to creditors that will be paid (settled) within the next 12 months. True

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Question 3 2.5 pts Current liabilities are amounts that the entity owes to creditors that will be paid (settled) within the next 12 months. True False Question 4 2.5 pts Debt with creditors is categorized between current and long-term liabilities based on when the payment will be made to the creditor. True False

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