Martha developed a revised balance sheet for her company. She used the balance sheet to show her company's ______ (the amounts the company owes to various creditors).
A)liabilities
B)assets
C)budgets
D)diseconomies
E)expenses

Question

Quizplus · Accepted Answer

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

Martha Developed a Revised Balance Sheet for Her Company