Liabilities are:
A)a form of paid-in capital.
B)future economic benefits to which a company is entitled.
C)debts payable to outsiders called creditors.
D)the outflow of resources that decrease common stock.

Question

Quizplus · Accepted Answer

Liabilities represent debts or obligations owed by a company to outsiders, such as creditors or suppliers. They are not a form of paid-in capital, future economic benefits, or an outflow of resources that decrease common stock.

Liabilities Are