Question

Amounts of money a company owes are called its

A Liabilities
B Assets
C. Equity
D. Net worth
Please select the best answer from the choices provided
4 тоо

Answer 1

A

Step-by-step explanation:

Why The Others Are Incorrect:

B: These is how much a company or individual owns. Essentially the opposite of liabilities- which is what you owe.

C: Equity is an asset that has liabilties attached to it.

D: Net worth is your Assets minus your Liabilities. How much you own subtracted by how much you owe.