Solved: Discuss what are three main characteristics of liabilities, Accounting Basics

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Discuss what are three main characteristics of liabilities

Essay Problem

What are three main characteristics of liabilities, and why is it important to classify liabilities into short-term and long-term? Include examples of short and long-term liabilities in your response.

The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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Accounting Basics: Discuss what are three main characteristics of liabilities

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