Which of the Following Would Not Be Found Listed as a Liability

question 56

Multiple Choice

Which of the following would not be found listed as a liability on a company's balance sheet?

• A)Operating lease obligations
• B)Capital lease obligations
• C)Bonds payable
• D)Taxes payable

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Definitions:

Capital

Wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

Business Ownership

Refers to the legal possession and control over a business entity by an individual or group.

Corporations

Legal entities that are separate from their owners, with the ability to own property, enter into contracts, and be sued.

Joint Venture

A business arrangement where two or more parties agree to combine their resources for accomplishing a specific task, sharing profits, losses, and control.