Liabilities are shown in which of the following statements?
A)Income statement.
B)Statement of cash flows.
C)Balance sheet.
D)Statement of stockholders' equity.

Question

Quizplus · Accepted Answer

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

Liabilities Are Shown in Which of the Following Statements