________ are the amounts the corporation owes to various creditors.
A) Liabilities
B) Equities
C) Dividends
D) Profits
E) Assets

Question

Quizplus · Accepted Answer

Liabilities represent the amounts a corporation owes to creditors, such as banks or suppliers. Equities represent the ownership interest in the corporation, dividends represent payments to shareholders, profits represent the net income of the corporation, and assets represent the resources owned by the corporation.

________ Are the Amounts the Corporation Owes to Various Creditors