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Which statement is true about expenses but not liabilities? OA. They are recorded when owed. OB. They have a normal debit balance. O C.They are received in the current period. OD. They are reported on
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Which statement is true about expenses but not liabilities?

OA. They are recorded when owed.
OB. They have a normal debit balance.
O C.They are received in the current period.
OD. They are reported on the company's balance sheet.​

User Neeh
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7.8k points

1 Answer

7 votes

C. They are received in the current period.

User Finbar Good
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7.7k points
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