Which of the Following Is a True Statement

Multiple Choice

Which of the following is a true statement?

A) There is more variety in liability groups than in asset groups.
B) Most liabilities are non-contractual in nature.
C) There are natural subclassifications of liabilities and assets that can be inferred from the balance sheet.
D) Liabilities are measured at amounts established in the transaction, usually amounts to be paid in the future, sometimes discounted.