Which of the Following Statements Is True About Liabilities

question 60

Multiple Choice

Which of the following statements is true about liabilities?

• A) Liabilities include insurance premium paid in advance.
• B) Liabilities arise when a company sells goods on account.
• C) Liabilities equal assets plus stockholders' equity.
• D) Liabilities are the debt owed by a company.

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Definitions:

Hospitalization

The act of admitting a patient to a hospital for treatment, observation, or surgery.

Intervention

Actions taken to improve a situation, especially in health, social, or educational matters.

Detachment

An emotional state or condition of being disengaged or aloof, often used in psychological contexts.

Separation Anxiety

A disorder characterized by excessive fear or anxiety about being apart from attachment figures, typically observed in children.