Liabilities

Welcome to the "Liabilities" category on Questions LLC! In this section, you will find a plethora of questions and answers revolving around the concept of liabilities. Liabilities play a crucial role in the business and financial world as they represent obligations or debts that a company or individual owe to others. Whether you are a business owner wanting to understand your liabilities better, an accounting student looking for clarification, or simply curious about this topic, our Q&A community has got you covered. Explore this category to gain valuable insights into different types of liabilities, their impact, and how they are managed. Get ready to expand your knowledge and find answers to all your liability-related queries here on Questions LLC!

Questions (23)

Which of the following is a liability?Group of answer choices cash bank loan automobile accounts receivable
1. 1 answer
2. asked by mazin
3. 69 views
A note payable to the Bank of the Philippine Islands for P2,400,000 is outstanding on December 31, 2017. The note is dated
1. 3 answers
2. asked by ravi
3. 1,130 views
is a line of credit a liability
1. 2 answers
2. asked by jesus gonzalez
3. 71 views
how much is total liabilities?accounts recievable 20,000 accounts payable 30,000 taxes and licenses 40,000 uncollectible account
1. 1 answer
2. asked by mier
3. 396 views
Of the following, which is one of the most serious liabilities of the traditional, hierarchical organizational structure, as
1. 1 answer
2. asked by Anonymous
3. 416 views
An estimated liability:1. Is an unknown liability of a certain amount. 2. Is a known obligation of an uncertain amount that can
1. 1 answer
2. asked by Jessica
3. 606 views
Presented here are liability items for O'Brian Inc. at December 31, 2022. Accounts payable $157,000 FICA taxes payable $7,800
1. 3 answers
2. asked anonymously
3. 59 views
Vacation pay payable is reported on the balance sheet as a(n)a. current liability or long-term liability, depending upon when
1. 1 answer
2. asked by Ricki
3. 1,132 views
Problem 9-5 WarrantiesBombeck Company sells a product for $1500. When the customer buys it, Bombeck provides a one-year warranty
1. 1 answer
2. asked by Lisa
3. 808 views
Money owedA. Assets B. Audit C. Liabilities D. Capital C
1. 2 answers
2. asked by kesha
3. 496 views
The transaction would decrease one liability account and increase another liability account
1. 1 answer
2. asked by kea
3. 323 views
Ed O'Connor Associates reported short-termed notes payable as follows:2012 2011 current liabilities (partial) short-term n/p
1. 1 answer
2. asked by marie
3. 438 views
The debts of a business are considereda. liabilities b. assets c. equity d. securities
1. 3 answers
2. asked by jenny
3. 376 views
the transaction would decrease one liability account and increase another liability account
1. 2 answers
2. asked by alec
3. 867 views
How does delay payment of liabilities work? Please give an example too.
1. 1 answer
2. asked by Anonymous
3. 302 views
Hi again,I was wondering if anyone might know how to check my answers to these questions on accounting...thanks!! 1. The current
1. 2 answers
2. asked by Jen
3. 523 views
I have the following items listed on a balance sheet and income statement:Balance Sheet: Cash Accounts Receivable Inventory
1. 2 answers
2. asked by Tjo05
3. 536 views
Seattle Chocolates for the year ended December 31, 2002:The following are selected items from the accounting records of Seattle
1. 2 answers
2. asked by Lisa
3. 643 views
You have a house worth $227,500, a car worth $25,500, a savings of $15,450, and a retirement account worth $250,000. You also
1. 1 answer
2. asked anonymously
3. 60 views
You have a house worth $227,500, a car worth $25,500, a savings of $15,450, and a retirement account worth $250,000. You also
1. 1 answer
2. asked by Alto Saxaphone
3. 30 views
hich of the following is an example of a "current liability"?Which of the following is an example of a "current liability"?
1. 1 answer
2. asked anonymously
3. 8 views
The telephone account of R550 was paidLiabilities : Effect- Reason-
1. 1 answer
2. asked by Svunokuhle
3. 10 views
Explain the different current liabilities and non-current liabilities
1. 1 answer
2. asked by Lwazi
3. 4 views