Liabilities are amounts representing:
A)debts owed now.
B)items of value.
C)living expenses.
D)taxable income.
E)current assets.

Name: Liabilities are amounts representing: A)debts owed now. B)items of value. C)living expenses. D)taxable income. E)current assets.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Liabilities are financial obligations or debts that a company owes, which are due to be paid either in the short term or long term. This includes loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

Liabilities Are Amounts Representing