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Which of the following definitions about liabilities is not correct? Multiple Choice Liabilities include debts arising from past transactions or events that require settlement at

image text in transcribed Which of the following definitions about liabilities is not correct? Multiple Choice Liabilities include debts arising from past transactions or events that require settlement at a future date. Liabilities include obligations arising from past transactions or events that require settlement at a future date. Liabilities eventually mature and must be repaid

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