On the balance sheet,the amounts a corporation owes to various creditors are referred to as ____.
A) liabilities
B) assets
C) budgets
D) diseconomies
E) expenses

Name: On the balance sheet,the amounts a corporation owes to various creditors are referred to as ____. A) liabilities B) assets C) budgets D) diseconomies E) expenses
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

The balance sheet itemizes three elements: assets,liabilities,and stockholders' equity.Liabilities are the amounts a corporation owes to various creditors.

On the Balance Sheet,the Amounts a Corporation Owes to Various