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22 May, 21:36

Liabilities are classified on the balance sheet as deferred or

A:

long-term

B:

accrued

C:

unearned

D:

current

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Answers (1)
  1. 23 May, 00:40
    0
    Liabilities are classified on the balance sheet as deferred or unearned. That is because liabilities are not earned yet, they need to be owed on a balance sheet. You are 'liable' to pay them.
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