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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
by
5.6k points

1 Answer

6 votes

Answer:

B. They are recorded when owed

Explanation:

Hope this helps

User FvD
by
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