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KiRa [710]
3 years ago
9

"liabilities are obligations denominated in precise monetary terms." do you agree or disagree? Explain.

Business
2 answers:
alexgriva [62]3 years ago
6 0

Answer:

<h2>Disagree.</h2>

Explanation:

Liability refers to an obligation, generally speaking.

This concept often refers to a company's legal financial debts or obligations that appear during the company operations. However, not only refer to monetary term. Obligations can also imply goods or services. That's why the answer here must be "disagree", because the given statement defines it just in monetary terms.

Therefore, liability includes loans, mortgages, deferred revenues, accounts payable, goods and services which depend on the type of corporation.

Korolek [52]3 years ago
4 0

Disagree. Liabilities can be met in ways other than money.

In accounting, a liability is a debt that is owed and must be payed with money, but there are also legal liabilities and other obligations that are not monetary.

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Therefore, the overall price level rose as the average price level increased from $7.50 to $7.58.

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1. The statement of cash flows of Stuart Company for the year ended December 31, 2021, is as follows:

Stuart Company

<h3>Statement of Cash Flows</h3>

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The cash flows from the operating activities section affect revenues and expenses.

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2 years ago
The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves
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Answer:

The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>

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