Which of the following statements are false? Statement 1. Inventory, bank balance and accounts receivables...
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Accounting
Which of the following statements are false? Statement 1. Inventory, bank balance and accounts receivables are assets Statement 2. Prepaid revenue, accounts payables and accrued revenue are assets Statement 3. Wages payable, inventory and commission receivable are liabilities Statement 4. Unearned revenue, accounts payables and prepaid rent are liabilities Group of answer choices
Statements ii and iii only
Statements ii, iii and iv only
Statements i, ii and iii only
All of the statements
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