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Anvisha [2.4K]
3 years ago
8

Which of the following increases liabilities but not assets?

Social Studies
2 answers:
arlik [135]3 years ago
7 0
B would be the answer
4vir4ik [10]3 years ago
6 0

The correct answer is B. Taking out loan to go on vacation.

Liability is termed as future sacrifices of benefits which are obliged to other entities. There are characteristics which explains what is liability.

For example, A type of borrowing from banks or from persons to improve personal income and which is being paid within the given period of time.

Liability can be based on constructive obligations or equitable obligations.

We can say that we get the asset when liability is being added to owners equity.

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Discouraged workers have generally given up looking for an employment since, whenever they tried, they encountered no reasonable job opportunities or did not secure a position.

Because discouraged individuals no longer seek jobs, they are not considered to be involved in the labor force. This implies that the benchmark rate of unemployment, which is based solely on the number of active labor force, does not recognize the number of depressed workers in the area.      

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