Liabilities of a company would not include A) notes payable. B) accounts payable. C) salaries and wages payable. D) cash.

Question

Quizplus · Accepted Answer

Liabilities refer to the debts or obligations of a company, which they owe to others. Notes payable, accounts payable, and salaries and wages payable are all examples of liabilities as they represent amounts owed by the company to its creditors or employees. However, cash is not a liability as it represents the amount of money a company currently possesses and is considered an asset.

Liabilities of a Company Would not Include