Answered

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Which items would be considered liabilities in a balance sheet?

A. Land and Inventory
B. Investments and Machinery
C. Wages and Taxes Payable
D. Cash and Accounts Receivable

Sagot :

GinnyAnsweridn

Final answer:

Liabilities in a balance sheet are obligations or debts that a company owes, such as wages payable, taxes payable, and accounts payable.


Explanation:

Liabilities on a balance sheet represent obligations or debts that a company owes. Common examples of liabilities include wages payable, taxes payable, and accounts payable. These are amounts that the company needs to settle in the future.


Learn more about Balance Sheet and Liabilities here:

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