Which component of a balance sheet includes a business’s debts, or the money that it owes to creditors for past transactions?

Answers

Answer 1

Answer:

liabilities.

Explanation:

A balance sheet is prepared based on the accounting equation of assets = capital + liabilities.

The liability section is where the debts of the business are recorded. Liabilities represent what the business owes to suppliers and other third parties. They are expressed in monetary value. Liabilities are further subdivided into current and long term liabilities.


Related Questions

As price falls along a downward sloping ordinary demand curve (in the x1, p1 plane), consumer utility will Group of answer choices rise. rise if the income effect is LESS than the substitution effect. fall. fall if the income effect is GREATER than the substitution effect. rise if the income effect is GREATER than the substitution effect. rise if the income effect is LESS than the substitution effect.

Answers

Answer:

c. rise if the income effect is GREATER than the substitution effect.

Explanation:

The substitution effect refers to how changes in the price of a product or service affects our consumption of them, e.g. if the price of brand X increases too much, then we might decide to buy brand Y.

On the other hand, the income effect refers to how a change in our level changes our consumption habits, e.g. luxury goods tend to be extremely elastic, since earning more income results in much higher levels of consumption.

Since the price of the product is falling, the substitution effect is not likely to occur, instead, consumer utility might increase due to higher purchasing power, i.e. you can purchase more units spending the same amount of money.

Can poor ethics lead to criminal behavior?

Answers

Answer:

Yes, because they lead people to make poor decisions.

Explanation:

Answer:

Yes, ethics are actually the very foundation of the criminal justice system. They're what helped us, as a society, develop the moral reasoning we use, define criminal activity, and deem acceptable as punishment. This in result if there is poor ethics it can lead to criminal behavior.

-I hope this helps have a great day!

What are references like for a job thing. Idk how else to say it

Answers

Answer:References can help you find the right job by giveing you a point of reference to compare jobs.

Explanation:

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