Answered

Which items would be considered liabilities in a balance sheet?

A. Land and Inventory
B. Investments and Machinery
C. Wages and Taxes Payable
D. Cash and Accounts Receivable



Answer :

GinnyAnswer

Final answer:

Liabilities in a balance sheet are obligations or debts that a company owes, such as wages payable, taxes payable, and accounts payable.


Explanation:

Liabilities on a balance sheet represent obligations or debts that a company owes. Common examples of liabilities include wages payable, taxes payable, and accounts payable. These are amounts that the company needs to settle in the future.


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