Ask Question
BusinessBusiness
22 September, 04:00

Liabilities can be best described as:A. The amount of expenses over the past year. B. The amount expected to be distributed to stockholders. C. The amount owed to creditors. D. The amount of services provided to customers during the year.

+3
Answers (2)
  1. 22 September, 05:24
    0
    Answer: Option C

    Explanation: In simple words, liability refers to the obligations that is to be fulfilled in the future or in the current period. It is the amount of sacrifice of resource that an individual or firm have to do due to some past transactions or events.

    The amount owed to creditors is an obligation to pay him in the future. This might have arise due to purchase of something on credit from him.

    Thus, the correct option is C.
  2. 22 September, 07:34
    0
    C. The amount owed to creditors

    Explanation:

    In general, Liabilities are obligations or something that the company owes someone else other than the owners.

    In Business, Liabilities are the legal financial debts or obligations that arise because of the operations of the business.

    Keyterms: Owed, Creditors, Obligations, liabilities
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Liabilities can be best described as:A. The amount of expenses over the past year. B. The amount expected to be distributed to ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The faster economic growth is, the A. farther the production possibilities curve shifts out. B. steeper the slope of the production possibilities curve. C. closer to the origin the production possibilities curve becomes. D.
Answers (1)
g Assume that a 15-year, $1,000 face value bond pays interest of $37.50 every 3 months. If you require a simple annual rate of return of 12 percent, with quarterly compounding, how much should you be willing to pay for this bond
Answers (1)
A representative selection of commonly purchased goods and services used by consumers is called the Question 32 options: producer price index (PPI). base year. market basket. consumer price index (CPI).
Answers (2)
Bramble Corp. reported the following information for 2016: October November December Budgeted sales $500000 $440000 $530000 Budgeted purchases $320000 $256000 $288000 All sales are on credit.
Answers (1)
Which statement describes the equity‑efficiency trade‑off? There is always a more equitable outcome that is also more efficient. Government intervention can increase efficiency in a market. The least efficient economic outcome is the fairest outcome.
Answers (1)
New Questions in Business
What is financial intermediary?
Answers (1)
On October 1, Eder Fabrication borrowed $69 million and issued a nine-month promissory note. Interest was discounted at issuance at a 11% discount rate.
Answers (1)
Should a firm shut down if its weekly revenue is $1000 , its variable cost is $800 , and its fixed cost is $1200 , of which $350 is avoidable if it shuts down? Why? The firm should A.
Answers (1)
If the coupon interest rate remains constant from the time of issue until the bond matures, then the bond is called afixed-rate bond.
Answers (1)
A firm is comparing two potential service layouts using the Closeness Desirability Rating. Option 1's closeness desirability score is 18. Option 2's closeness desirability score is 22. It can be concluded that Option 1 layout is better. a. True. b.
Answers (1)
Home » Business » Liabilities can be best described as:A. The amount of expenses over the past year. B. The amount expected to be distributed to stockholders. C. The amount owed to creditors. D. The amount of services provided to customers during the year.
Sign Up Forgot Password?