A Proportion Is Defined As

question 29

Multiple Choice

A proportion is defined as:

• A) the division or separation of a thing into the parts that compose it
• B) a relation in size, number, amount, or degree of one thing compared to another
• C) the cost of food as it relates to the amount of dollars received in sales
• D) an instrument to weigh ingredients used in baking

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Definitions:

Liabilities

Economic responsibilities or liabilities a corporation has towards other entities, necessitating repayment through transferring assets like money, merchandise, or services eventually.

Assets

Economic resources controlled by a business, capable of producing value, and are expected to benefit future operations, including cash, inventory, and property.

Creditors' Claims

Rights of lenders to receive payment from a borrower or from a borrower’s assets.

Liabilities

Liabilities represent obligations or debts that a company owes to external parties, which are expected to be settled through the outflow of resources or services.