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

Question

Quizplus · Accepted Answer

Liabilities represent the amounts a company owes to various creditors. The other choices (assets, budgets, diseconomies, expenses) do not accurately reflect this information.

Gina Developed a Revised Balance Sheet for Her Company