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Which current liabilities include liabilities

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Reference no: EM132645711

Problem 1: Current liabilities include liabilities that are expected to be paid within one year.

A. although false for most of the times, there are several exceptions detailed in Canadian GAAP

B. this is always a false statement

C. although true for most of the times, there are several exceptions detailed in Canadian GAAP

D. this is always a true statement

E. Cannot say if it is true or false given the limited information provided

Reference no: EM132645711

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