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Which of the following statements is correct? Statement 1: Accounts payable is a short-term source of non-interest bearing financing. Statement 2: Accrued liabilities are considered

Which of the following statements is correct?

Statement 1: Accounts payable is a short-term source of non-interest bearing financing.

Statement 2: Accrued liabilities are considered long-term operating liabilities.

Statement 3: Both Statements 1 and 2 are correct.

Statement 4: Neither Statement 1 or 2 is correct.

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