On the balance sheet, the amounts a corporation owes to creditors are referred to as
A) Liabilities.
B) Assets.
C) Stockholders' equity.
D) Leverage.
E) ROI.

Name: On the balance sheet, the amounts a corporation owes to creditors are referred to as A) Liabilities. B) Assets. C) Stockholders' equity. D) Leverage. E) ROI.
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Question

Quizplus · Accepted Answer

The balance sheet itemizes three elements: assets, liabilities, and stockholders' equity. Liabilities are the amounts the corporation owes to various creditors.

On the Balance Sheet, the Amounts a Corporation Owes to Creditors