Liabilities can be best described as:
A) The amount of expenses over the past year.
B) The amount expected to be distributed to stockholders.
C) The amount owed to creditors.
D) The amount of services provided to customers during the year.
Answer: C
A) The amount of expenses over the past year.
B) The amount expected to be distributed to stockholders.
C) The amount owed to creditors.
D) The amount of services provided to customers during the year.
Answer: C
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.