Which of the following statements related to estimated liabilities is false? Multiple Choice They can be...

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Which of the following statements related to estimated liabilities is false? Multiple Choice They can be both current and long term They are always reported in the notes to financial statements. They include vacation benefits and paid absences. The journal entry to record estimated liabilities includes a debit to an expense account and credit to a payable account, They are known obligations of an uncertain amount that can be reasonably estimated. Which of the following statements related to estimated liabilities is false? Multiple Choice They can be both current and long term They are always reported in the notes to financial statements. They include vacation benefits and paid absences. The journal entry to record estimated liabilities includes a debit to an expense account and credit to a payable account, They are known obligations of an uncertain amount that can be reasonably estimated.