1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina18 [472]
3 years ago
8

Liabilities can be best described as:A. The amount of expenses over the past year.B. The amount expected to be distributed to st

ockholders.C. The amount owed to creditors.D. The amount of services provided to customers during the year.
Business
2 answers:
yanalaym [24]3 years ago
8 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.

Simora [160]3 years ago
7 0

Answer:

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.

<em>Keyterms:</em><em> Owed, Creditors, Obligations, liabilities</em>

You might be interested in
A company has a discount on a forward contract for an asset. How is the discount recognized over the life of the contract?
exis [7]

Answer: It is charged to accumulated other comprehensive income.

Explanation:

The discount is recognized over the life of the contract when it is charged to accumulate other comprehensive income.

5 0
3 years ago
What is likely to happen if a borrower misses a payment on a credit card account?
julsineya [31]
The borrower will get a late fee for not paying on the due date. 
6 0
3 years ago
Read 2 more answers
Elasticity is the percentage change in quantity divided by the percentage change in _____.
Snezhnost [94]

Answer:

The price.

Explanation:

Elasticity is the percentage change in quantity divided by the percentage change in price.

6 0
3 years ago
What is the primary difference between: (i) accounting for a business combination when the subsidiary is dissolved; and (ii) acc
dangina [55]

Answer:

It is not formally recorded in the accounting record of the parent company if the subsidiary retains its incorporation.

Explanation:

IFRS 3 explains  business acquisition as the taking over the control  of an existing business by another with the acquired assets measured at the fair value at the date of transaction.

The combining of interest method has ceased to be considered by GAAP since 2001.

That means a subsidiary has to lose its incorporation for full acquisition or rather treated as an investment by the acquiring company.

4 0
3 years ago
Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to A. E) protect
topjm [15]

Answer:

promote workforce diversity.

Explanation:

Corporate Social Responsibility pertains to corporate responsibility towards society to achieve its goals, missions, and targets.

The organisation could not operate for a longer time without the company's permission because it would harm the community well-being and eventually the organisation needs to shut down its operations.

And we promote or motive or encourage the workforce diversity then it would be an example of corporate social responsibility by considering a supply from a small, owned business

7 0
3 years ago
Other questions:
  • Which of the following is most likely to be considered a profit center?
    10·1 answer
  • Zorn Co. budgeted $600,000 of factory overhead cost for the coming year. Its plantwide allocation base, machine hours, is budget
    12·1 answer
  • What are the benefits of hiring a teenage worker?
    10·2 answers
  • Laws designed to promote competition and prevent the formation of monopolies are known as _______ laws
    6·1 answer
  • A waiter fills your water glass with ice water (containing many ice cubes) such that the liquid water is perfectly level with th
    10·1 answer
  • Trey, Inc. reports a taxable loss of $140,000 for 2018. Its taxable incomes for the years 2015 through 2017 respectively were $2
    9·1 answer
  • If Acme Corporation's current share price is $40 and it has issued 1 million shares of stock, then its market cap is
    7·1 answer
  • The form of business ownership that has the most difficulty in raising capital is the ....
    11·1 answer
  • One of the biggest barriers identified in the performing stage of team development is the inability of project team members to f
    8·2 answers
  • Your coin collection contains 57 1952 silver dollars. If your grandparents purchased them for their face value when they were ne
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!