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HELP PLEASE 100 POINTS Which word indicates a liability on a financial statement? A. Value B. Cash C. Payable D. Receivable
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20 votes
20 votes
HELP PLEASE 100 POINTS Which word indicates a liability on a financial statement?

A. Value
B. Cash
C. Payable
D. Receivable

User DeJaVo
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2 Answers

9 votes
9 votes
I presume C. A liability would probably be something you owe another company in terms of a financial statement.
User Akarsh
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3.2k points
25 votes
25 votes

Answer:

C. Payable

Step-by-step explanation:

"Payable" refers to an amount of money that a company owes to another party. It's a type of liability that is recorded on the balance sheet and represents an obligation that the company has to pay at a future date

User Calvin Ferrando
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