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Aleksandr [31]
1 year ago
13

Liabilities are? a.none of these choices are correct. b.the rights of customers. c.the rights of owners. d.the rights of credito

rs.
Business
1 answer:
Anna35 [415]1 year ago
5 0

Liabilities are the <u>rights of creditors.</u>

<h3>What is a liability?</h3>

A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied.

Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, accounts payable, mortgages, deferred income, bonds, warranties, and accumulated expenses.

Assets and liabilities can be compared. Assets are items you own or owe money to; liabilities are things you owe money to or have borrowed.

In general, a liability is an obligation that exists between two parties but hasn't been fulfilled or paid for. A financial liability is an obligation in the world of accounting, but it is more specifically characterized by previous business transactions, events, sales, exchanges of goods or services, or anything else that will generate income in the future. Non-current liabilities are typically viewed as long-term obligations because they are anticipated to last more than a year (12 months or greater).

Thus, Liabilities are the<u> rights of creditors.</u>

For more information on <u>creditors</u>, refer to the given link:

brainly.com/question/18484315

#SPJ4

<u></u>

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Answer:

b. Materials 190,000 Accounts Payable 190,000

Explanation:

Materials may either be purchased on credit or by cash, When materials are purchased on credit, such materials are said to have been purchased on accounts.

The entries for cash purchases are ;

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2 years ago
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Peninsula Company reported net income of $290,000 for the year. During the year, accounts receivable increased by $21,000, accou
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Answer:

$305,000

Explanation:

Given that,

Net income for the year = $290,000

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Decrease in accounts payable = $9,000

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Net cash provided by operating activities:

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Letter B is correct. Unity of command.

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When there is a violation of the command unit, several related conflicts can arise, such as lack of consensus among teams, disorganization, failure in the communication process, which negatively impact organizational effectiveness.

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