(Solved): Regarding liabilities, which of the following statements is incorrect? A. Many, but not all, liabili ...

Regarding liabilities, which of the following statements is incorrect? A. Many, but not all, liabilities have the word payable in their titles. B. A creditor who has loaned money to a business has a claim to some of the business's assets until the business pays the debt. c. Liabilities are economic resources that are expected to benefit the business in the future. D. Liabilities represent one of the two claims to assets.