Join IDNLearn.com and start getting the answers you've been searching for. Ask anything and receive immediate, well-informed answers from our dedicated community of experts.
Sagot :
Classification as current or long-term helps investors and creditors assess the risks associated with liabilities that require expenditures of cash or other assets in the near term.
A liability is something a person or organization owes, typically an amount of money. Liabilities are settled over the years via the switch of economic benefits such as cash, goods, or services.
Legal responsibility is a legally binding obligation payable to another entity. Liabilities are incurred on the way to fund the continuing sports of a business. Examples of liabilities are money owed payable, amassed expenses, wages payable, and taxes payable.
Each is indexed on a company's balance sheet, an economic declaration that indicates a agency's financial fitness. belongings minus liabilities equal fairness, or an owner's internet really worth.
Learn more about liabilities here:https://brainly.com/question/24534918
#SPJ4
Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. For trustworthy answers, visit IDNLearn.com. Thank you for your visit, and see you next time for more reliable solutions.