Correct answer: False.
Explanation:
Liabilities is something that a business owes to its creditors. Usually some amount of money.
End of answer.
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Liabilities represent an "inside" interest in a business. True False
True/False The limitation on the deduction of business interest does not apply to businesses that qualify under the gross receipts test
True or False
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This is for intro to business, I need help with is true or
false question
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