| Passage 2 Liabilities are obligations a company owes to outside parties. They represent rights of others to money or services of the company. Examples include bank loans, debts to suppliers and debts to employees. On the balance sheet, liabilities are generally broken down into current liabilities and long-term liabilities. Current liabilities are those obligations that are usually paid within the year, such as accounts payable, interest on long-term debts, taxes payable, and dividends payable. Because current liabilities are usually paid with current assets, as an investor it is important to examine the degree to which current assets exceed current liabilities. The most pervasive item in the current liability section of the balance sheet is accounts payable. Accounts payable are debts owed to suppliers for the purchase A. taxes payable B. dividends payable C. accounts payable D. all of the above [简答题]Liabilities are debts owed to outsiders, measurable by money value, which will be paid to creditors using assets or services.
[单项选择]Liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets are called ______.
A. long-term trust B. long-term liabilities C. current liabilities D. current investment [单项选择]Assets are the economic resources of the business that can be usefully expressed in monetary terms. Liabilities, or creditors, equity, are the obligations, or debts, that the firm must pay in money or services at some time in the future. They therefore represent creditor’s claims on the assets of the firm. The owner’s interest is equal to the net assets of the business, which is defined as the difference between the assets and liabilities. Thus, owner’s equity is the residual claim--a claim to the assets remaining after the debt to creditors has been discharged.
The equity amount of a balance sheet is the creditor’s claims on the firm. A. Right B. Wrong C. Doesn’t say 我来回答: 提交
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