Which of the following is a liability on a company's balance sheet? Long-term interest payments Future revenue streams Gross yearly profits and losses Owners' equity in property

Question

Which of the following is a liability on a company's balance sheet? Long-term interest payments Future revenue streams Gross yearly profits and losses Owners' equity in property

Answer 1

The correct answer is:Long-term interest paymentsLiabilities on a company's balance sheet represent obligations that the company needs to pay in the future. Long-term interest payments are considered liabilities because they are financial obligations that the company must fulfill over time.

Problemas

Which of the following is a liability on a company's balance sheet? Long-term interest payments Future revenue streams Gross yearly profits and losses Owners' equity in property

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