Assertion (A): A balance sheet includes a companys liabilities.
Reason (R): Liabilities are the same as operating costs.

Question

Assertion (A): A balance sheet includes a companys liabilities. 
 Reason (R): Liabilities are the same as operating costs.

Answer

Both A and R are true, and R explains A

Answer

Both A and R are true, but R does not explain A

Answer

A is true, R is false

Answer

Both A and R are false

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