________ are those things that a business owes;they represent creditors' claims against the business.
A)Assets
B)Liabilities
C)Owners' equities
D)Liquidities

Question

Quizplus · Accepted Answer

Liabilities represent the debts and obligations a business owes to its creditors, including loans, accounts payable, taxes, and other liabilities. Assets represent what the business owns, and owner's equity represents the portion of the business that belongs to the owners or shareholders. Liquidities refer to the availability of cash or other assets that can be quickly converted into cash.

________ Are Those Things That a Business Owes;they Represent Creditors