What is considered a liability in finance and why is it being used?

2 answers:

8 0

A liability is something a person or company owes, usually a sum of money. ... In the world of accounting, a financial liability is also an obligation but is more defined by previous business transactions, events, sales, exchange of assets or services, or anything that would provide economic benefit at a later date

iVinArrow [24]3 years ago

4 0

Answer:

A liability is something a person or company owes, usually a sum of money. In the world of accounting, a financial liability is also an obligation but is more defined by previous business transactions, events, sales, exchange of assets or services, or anything that would provide economic benefit at a later date.

Explanation:

You might be interested in

An account manager with _____ has the ability to create statements for a budget, compare the budget to the actual income stateme

Effectus [21]

Answer:

(A) Technical skills

Explanation:

Technical skills are the abilities and knowledge needed to perform specific practical tasks that are often related to mechanical, information technology, mathematical, or scientific tasks.

7 0

3 years ago

Although skyscrapers are mostly composed of steel and glass, carpenters are often employed to help with construction. How might

NeX [460]

To create the roof trusses

8 0

3 years ago

Accounting information systems:

Dafna1 [17]

Answer:

The correct answer is letter "D": are an information system that records, processes, and reports on transactions to provide financial and non-financial information for decision making and control.

Explanation:

An Accounting Information System or AIS is a way to track all of a company's accounting activities. An AIS provides easy access to the same information to different departments. An AIS collects, stores, retrieves and processes the data. The data can come from internal and external sources allowing managers to make decisions about the business operations.

3 0

2 years ago

What are the three most critical components that a marketer needs to examine to segment a market effectively?

Georgia [21]

1. Identifiability (and measurability)
2. Accessibility
3. Responsiveness

1. Identifiability
- the target market must be identifiable to determine which of the
consumers belong to the segment. The target market must be well-
defined and measurable, particularly in terms of population, income, and
age bracket.

2. Accessibility
- this refers to the ease of reaching the identified market segment in terms
of geography and economy with appropriate market strategies.

3. Responsiveness
- the target market should be evaluated if they will respond (i.e. purchase)
the products and services created for them. There is little point in
identifying a market, creating a product, and developing marketing
strategies if the consumers themselves see little value in what is being
offered to them. Thus, the products and services must meed the
consumers' or organizations' needs.

4 0

3 years ago

Thao is interested in construction and architecture. She would like to become a Civil Engineer in the future.

Dominik [7]

Building, construction, and maintenance of physical architecture is a profession of civil engineering.

Whenever students would like to continue pursuing their civil and structural careers, they require specific skills to be competent in their choice of job.

The competencies that also conform to the civil engineering career seem to be:

Skilled in mathematics, science, and computer design.
Likes mechanically inclined to work with her hands.
Good, patient, and persistent communicating.
It could be use to discuss ideas and subjects, defend them and negotiate.

Learn more:

brainly.com/question/11315203

5 0

2 years ago