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balandron [24]
3 years ago
7

Liabilities are:___________ a) deferred credits that are recognized and measured in conformity with generally accepted accountin

g principles. b) any accounts having credit balances after closing entries are made. c) obligations to transfer ownership shares to other entities in the future. d) obligations arising from past transactions and payable in assets or services in the future.
Business
1 answer:
adell [148]3 years ago
8 0

Answer: d) obligations arising from past transactions and payable in assets or services in the future.

Explanation:

Liabilities are financial obligations meant to be catered for by an organization in the running of its business.

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Armando, a technology enthusiast, is often willing to pay premium prices to always have the newest tech gadgets. Armando most li
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c. innovators.

Explanation:

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A college professor wants to know if the university students in the Unites States will find the new textbook that he has authore
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b. judgment sampling.

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3 years ago
Which of the following statements are true regarding owners' equity and ownership rights held in noncorporate entities?
Degger [83]

Answer: A. Owners' equity for proprietorships and partnerships is usually referred to as capital.

B. No distinction is made between invested capital and retained earnings for a proprietorship or a partnership.

C. Neither proprietorships or partnerships issue stock.

Explanation:

The statements that are true regarding owners' equity and ownership rights held in noncorporate entities include:

• No distinction is made between invested capital and retained earnings for a proprietorship or a partnership.

• Neither proprietorships or partnerships issue stock.

• Owners' equity for proprietorships and partnerships is usually referred to as capital.

We should note that sole proprietorships and partnership typically don't have stockholders and shouldn't issue stock as they aren't separated from their founders.

Also, the owners' equity for proprietorships and partnerships is usually referred to as capital. We should note that for a sole proprietorship or a partnership, the equity is the owners capital account which can be seen on the balance sheet.

Based on the above explanation, all the options given above are correct.

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