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Some liabilities are not contractual obligations and may not be payable in cash.Group of answer choicesTrueFalse

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Analysis of the Statement

  1. Understanding Liabilities: Liabilities generally represent obligations of a company to settle debts or obligations that arise from past transactions or events. These are often contractual obligations, such as loans, accounts payable, and bonds payable.

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Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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