The debt owed by a business is called liabilities. Liabilities are obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like products, services.
Liabilities on balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties etc. Assets can be contrasted with liabilities. Assets are items business own or owe money to, whereas liabilities are debts or other obligations.
Short-term financial commitments of a business that are due in a year or within its typical operational cycle are known as current liabilities.
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Answer:
Explanation:
My School;
This case shows that the entire organization must be committed to the customer-oriented team approach for it to be effective.
Such an approach would be difficult in a public organization such as the Post Office, USPS etc.
The potential for creating a customer-oriented school should be interesting to pursue.
-3x-5y=-15
-3x-3y=-3
-2y=-12
y=6
-3x-5(6)=-15
-3x-30=-15
-3x=15
x=-5
The answer would be C, (-5,6)
Answer:
A. an overstatement of net income and an understatement of liabilities.
Explanation:
