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Which of the following statements about the Oligocene epoch is NOT true?
Liabilities
Financial obligations or debts that a company owes to external parties, which must be settled over time through the transfer of assets, provision of services, or other forms of economic benefit.
Revenue
The cumulative revenue produced from the sale of goods or provision of services directly linked to the main business activities of a company.
Unearned Rent Revenue
Income received by a property owner for rent that has not yet been earned because the time period the rent covers has not yet passed.
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