Examples of liabilities include:
A) accounts payable and accounts receivable.
B) accounts payable and land.
C) investments and owners' equity.
D) accounts payable and long-term debt.

Question

Quizplus · Accepted Answer

Liabilities are debts owed by a company. Long-term debt and accounts payable are examples of liabilities, while accounts receivable, land, investments, and owners' equity are not liabilities.

Examples of Liabilities Include