The correct answer is B. Taking out loan to go on vacation.
Liability is termed as future sacrifices of benefits which are obliged to other entities. There are characteristics which explains what is liability.
For example, A type of borrowing from banks or from persons to improve personal income and which is being paid within the given period of time.
Liability can be based on constructive obligations or equitable obligations.
We can say that we get the asset when liability is being added to owners equity.
Answer:
advantages are transportation, fertile soil/irrigation, and water to drink. Disadvantages are unpredictable flooding, and lose homes/lives/crops
Explanation:
The three estates, the way French society was divided in the late 18th century. Clergy, Nobility, and Commoners
On ascending chronologial order, this is how the events took place:
- Involvement in World War I causes hardships on Russia.
- A rebellion forces Tsar Nicholas II from Power.
- Russia pulls out of World War I.
- Vladimir Lenin and the Bolsheviks seize power.
