Which of the following statements regarding liabilities is false? A liability is a probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events. A. Liabilities can be classified as current or Long Term OB. Potential future wages to be paid to employees should be recorded as liabilities OC. Long term liabilities are obligations due after one year, or the company's operating cycle if longer. OD E. None of the statements are false