Please Define the Following Key Terms

question 10

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Paul

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Definitions:

Liabilities

Financial obligations or debts owed by a company to third parties, which must be settled through the transfer of assets, provision of services, or other economic benefits.

Dividends Payable

A liability recorded on a company's balance sheet for dividends declared by the board of directors but not yet paid out to shareholders.

Measuring

The action or process of quantifying or valuing an entity, activity, or financial transaction using specific units or standards.

Property Plant and Equipment

Long-term tangible assets held for use in the production or supply of goods or services, or for rental to others.