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Which of the following is the most accurate definition of long - term liabilities? a . Obligations that extend beyond the 1 2 months following

Which of the following is the most accurate definition of long

-

term liabilities? a

.

Obligations that extend beyond the

12

months following the statement dateb. Liabilities that are secured by long

-

term assets and are recorded with principal and interest owingc. Liabilities that are due within the next

12

monthsd. Liabilities that extend beyond the quarter following the statement date

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