Match each item with the financial statement in which each item would most likely appear: Use (I) for Income Statement, (B) for Balance Sheet and (CF) for Statement of Cash Flow.
-Liabilities

Question

Quizplus · Accepted Answer

Liabilities are a part of the Balance Sheet, which shows a company's financial position at a specific point in time, including what it owes (liabilities) and owns (assets).

Match Each Item with the Financial Statement in Which Each