Makayla is a corporate CPA working on a new budget.When she lists the company's liabilities,which of the following will she include?
A)computer software
B)owners' equity
C)marketable securities
D)employees' wages and salaries

Question

Quizplus · Accepted Answer

Liabilities are obligations that a company has to pay in the future. Typically, this includes debts owed to vendors or lenders, taxes owed to the government, and wages and salaries owed to employees. Computer software, owners' equity, and marketable securities are not liabilities, as they reflect the company's assets or ownership structure.

Makayla Is a Corporate CPA Working on a New Budget