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Liabilities are the amounts of money due to others that need to be paid now. true or false
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Liabilities are the amounts of money due to others that need to be paid now. true or false

User Yaar Zeigerman
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This is false. The statement is only partially true.

In accounting/business, liabilities are all amounts owed to others, either now or in the future. This can be both money and other goods. So, I would say this is false.
User John Frazer
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