Liabilities are reported on the
A) income statement
B) statement of owner's equity
C) statement of cash flows
D) balance sheet

Name: Liabilities are reported on the A) income statement B) statement of owner's equity C) statement of cash flows D) balance sheet
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Question

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Liabilities are reported on the balance sheet, which provides a snapshot of an entity's financial position at a specific point in time. The balance sheet reports an entity's assets, liabilities, and owner's equity.

Liabilities Are Reported on the