asked 22.5k views
1 vote
A liability can be described as....

A:Something you own that have value
B: Money you owe, debt
C: Something that goes down in value over time
D: Money that you have in a savings account

asked
User Aularon
by
7.7k points

2 Answers

2 votes
B because A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. ... The most common liabilities are usually the largest like accounts payable and bonds payable
answered
User Bbonamin
by
7.8k points
6 votes
The answer is B: Money you owe, debt
answered
User Pedro Bezanilla
by
8.5k points

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