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Which of the following statements about liabilities is true? Liabilities are amounts owed by the company to others and they appear on the balance sheet.

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Which of the following statements about liabilities is true? Liabilities are amounts owed by the company to others and they appear on the balance sheet. Liabilities are expenses incurred by the company and they appear on the income statement. Liabilities are limited by definition to long-term debts and they appear on the balance sheet. Liabilities are amounts owed to the company by others and they appear on the Statement of Stockholders' equity

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