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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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HELP PLEASE 100 POINTS Which word indicates a liability on a financial statement?

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

User Gdurelle
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2 Answers

1 vote
I presume C. A liability would probably be something you owe another company in terms of a financial statement.
User Adam Haber
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2 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 Bardzusny
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