What Are Business Liabilities

question 86

Multiple Choice

What are business liabilities?

• A)Amounts it expects to collect in the future from customers.
• B)Debts or obligations resulting from past business events.
• C)The amounts that owners have invested in the business.
• D)The increases in assets that result from profitable operations.

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Definitions:

Healthcare

The organized provision of medical care to individuals or a community.

Unselfishly

Characterized by acting or giving without consideration for personal gain.

Satisfied

A feeling of fulfillment or contentment with one's achievements, qualities, or situation.

Needs

Fundamental requirements or necessities essential for an individual's well-being and survival.