Creditors' claims to a corporation's resources are referred to as:
A)Dividends.
B)Assets.
C)Liabilities.

Question

Quizplus · Accepted Answer

Creditors' claims refer to the company's obligations or debts, which are categorized as liabilities on the balance sheet. Assets are owned by the company and are not claims to the organization's resources. Dividends are payments made to the company's shareholders from its profits and are not related to creditor claims.

Creditors' Claims to a Corporation's Resources Are Referred to As