Which Statement Below Is FALSE

question 166

Multiple Choice

Which statement below is FALSE?

• A)Income taxes payable are tax debts owed to the government.
• B)Accrued liabilities can include liabilities for salaries and utilities.
• C)An asset always represents a future benefit.
• D)Prepaid expenses include accrued interest payable.

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Definitions:

Consequence Words

Words that express or indicate the outcome, result, or effect of an action or decision.

Back-to-Back Headings

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Readers' Expectations

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