Q1. Liabilities are presented in the financial statements at present value. True False QUESTION 2...

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Q1. Liabilities are presented in the financial statements at present value. True False QUESTION 2 Q2. When recording depreciation, total assets decrease and total liabilities increase. True False QUESTION 3 Q3. All of the following are intangible assets except A Goodwill B. Patent C. Trademark D. Note Receivable

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