Liabilities are shown on the
A)income statement.
B)balance sheet.
C)statement of cash flows.
D)statement of changes in stockholders' equity.

Question

Quizplus · Accepted Answer

Liabilities are debts or obligations owed by a company at a specific point in time. They are reported on the balance sheet, along with assets and equity, as part of the company's overall financial position. The income statement, statement of cash flows, and statement of changes in stockholders' equity do not directly show liabilities.

Liabilities Are Shown on the