Liabilities Are

question 65

Multiple Choice

Liabilities are:

• A)a form of paid-in capital.
• B)future economic benefits to which a company is entitled.
• C)debts payable to outsiders called creditors.
• D)the outflow of resources that decrease common stock.

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Definitions:

Components

Individual parts or elements that collectively form a system, machine, or piece of equipment.

Assault Charges

Legal accusations pertaining to the attempt or threat to physically harm another person, which can result in criminal proceedings.

Battery Charges

Legal accusations involving the unlawful physical acting upon a threat, distinct from assault which is the act of creating apprehension of such contact.

Defense

A legal strategy or argumentation employed to protect, justify, or exculpate one's actions in a litigation setting.