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
sergey [27]
3 years ago
7

"obligation to transer cash or other resources as a result of a past transaction" is called ____________

Business
1 answer:
spin [16.1K]3 years ago
7 0

Answer:

The correct answer is: Liability.

Explanation:

A liability is an obligation that arises during the course of business. It represents a third party's claim in the company's assets usually from lenders or other creditors. Liability can arise in many different ways. Liabilities can be borrowing or a promise to pay later or any other type of obligation because of past transactions.

You might be interested in
What type of crime measurements collects data from those who break the law
Rashid [163]
<span>National Crime Victimization Survey,Have an wonderful day!
</span>National Crime Victimization Survey Resource GuideAbout NCVS

The National Crime Victimization Survey (NCVS) series, previously called the National Crime Survey (NCS), has been collecting data on personal and household victimization since 1973. An ongoing survey of a nationally representative sample of residential addresses, the NCVS is the primary source of information on the characteristics of criminal victimization and on the number and types of crimes not reported to law enforcement authorities. It provides the largest national forum for victims to describe the impact of crime and characteristics of violent offenders. Twice each year, data are obtained from a nationally representative sample of roughly 49,000 households comprising about 100,000 persons on the frequency, characteristics, and consequences of criminal victimization in the United States. The survey is administered by the U.S. Census Bureau (under the U.S. Department of Commerce) on behalf of the Bureau of Justice Statistics (under the U.S. Department of Justice).

The NCVS was designed with four primary objectives: (1) to develop detailed information about the victims and consequences of crime, (2) to estimate the number and types of crimes not reported to the police, (3) to provide uniform measures of selected types of crimes, and (4) to permit comparisons over time and types of areas. The survey categorizes crimes as "personal" or "property." Personal crimes cover rape and sexual attack, robbery, aggravated and simple assault, and purse-snatching/pocket-picking, while property crimes cover burglary, theft, motor vehicle theft, and vandalism. The data from the NCVS survey are particularly useful for calculating crime rates, both aggregated and disaggregated, and for determining changes in crime rates from year to year.

4 0
4 years ago
"Bishop, Inc., is obligated to pay its creditors $6,500 during the year. (Leave no cells blank - be certain to enter "0" whereve
RSB [31]

Answer:

Explanation:

It is given that there is a liability to creditors of 6,500

Total assets = Total liability + Shareholder's equity

a) Shareholder's equity = Total assets - Total liability = 10,250 - 6,500 = 3,750

b) Shareholder's equity = Total assets - Total liability = 5,900 - 6,500 = -600

4 0
3 years ago
What is a minimum balance when it comes to account requirement?
drek231 [11]
The minimum amount of money you may have in an account for said account to be, and stay opened. 
8 0
3 years ago
Read 2 more answers
What should be the basic goal of a firm when it sets a level of output?
klasskru [66]

Maximizes its profits.

4 0
3 years ago
Which of the following is not needed to calculate simple interest?
kvasek [131]
Down payment - Apex ;)
4 0
3 years ago
Read 2 more answers
Other questions:
  • All else equal, a firm would prefer to have a higher gross margin. <br> a. True <br> b. False
    12·1 answer
  • Wilbur decides to sell his collection of rare stamps through an online auction site. When he is filling out the information abou
    15·1 answer
  • Which of the following is a business organization owned by a group of people for their mutual benefit?
    5·2 answers
  • Which part of the management of an organization would be MOST involved with strategic leadership?
    11·1 answer
  • 1960 the per capita GDP of Hong Kong was substantially less than that of Argentina and Venezuela. By 2005, the per capita income
    8·1 answer
  • Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 350,000 Variable expenses 210,000 Con
    7·1 answer
  • Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The o
    13·1 answer
  • 5. Suppose a novice investor buys a call option on 45,000 barrels of oil with an exercise price of $45 per barrel and simultaneo
    8·1 answer
  • In forward transactions A. currency is bought and sold for delivery later that same day. B. currencies may only be exchanged at
    14·1 answer
  • VideoPlus, Inc. manufactures two types of DVD players, a deluxe model and a standard model. The deluxe model is a multi-format p
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!