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vaieri [72.5K]
2 years ago
7

Liabilities are reported on the:____.

Business
1 answer:
ser-zykov [4K]2 years ago
5 0

Liabilities are reported on the balance sheet.

A liability is something which a person or any company owes, usually a sum of money. Liabilities are settled over time by the transfer of economic benefits i which includes money, goods, or services.

It is recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, bonds , deferred revenues, warranties, and accrued expenses.

Liabilities can also be contrasted with assets. Liabilities refer to the things that you owe or have borrowed.

To know more about liabilities here:

brainly.com/question/13799112

#SPJ4

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