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Which statement is true about liabilities but not expenses A. They have a normal debit balance. B. They are due in the period they are incurred. C. They are on the company’s income statement D. They are
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Which statement is true about liabilities but not expenses

A. They have a normal debit balance.
B. They are due in the period they are incurred.
C. They are on the company’s income statement
D. They are recorded when owed

User Jords
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3.6k points

1 Answer

6 votes

Answer:

B. They are recorded when owed

Explanation:

Hope this helps

User FvD
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