Question and answer
Which of the following best describes a liability? A. Anything of value owned by the business B. Something that a business owes C. Listed on the left-hand side of a balance sheet D. Always equal to
an asset
A liability describes anything of value owned by the business.
Get an answer
Original conversation
User: Which of the following best describes a liability? A. Anything of value owned by the business B. Something that a business owes C. Listed on the left-hand side of a balance sheet D. Always equal to an asset





Weegy: A liability describes anything of value owned by the business.
Expert answered|kaysha|Points 4303|

User: Which of the following best describes an asset? A. Anything of value owned by the business B. Always equal to a liability C. Listed on the right-hand side of a balance sheet D. Something that a business owes

Weegy: Sorry and asset is Anything of value owned by the business and a liability is something the business owes.
Expert answered|kaysha|Points 4303|

Question
Asked 11/1/2012 10:17:46 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Which of the following best describes owner’s equity? A. Equal to the business’ liabilities less the business’ assets B. The owner’s interest or worth in the business C. What the owner owes the business D. What the business owes
Weegy: A. Equal to the business’ liabilities less the business’ assets User: All of the following describe a balance sheet except which one? A. The balance sheet reflects the results of multiple transactions. B. The balance sheet contains assets, liabilities, and owner’s equity sections. C. The balance sheet is a picture of a business in financial terms. D. The balance sheet contains only assets and liabilities sections. (More)
Question
Expert Answered
Asked 11/1/2012 10:34:05 AM
0 Answers/Comments
Owns taxi (automobile) worth $1315 A. Asset B. Liability C. Both D. neither
Weegy: Owns taxi (automobile) worth $1,315 A. Asset (automobile is an asset) (More)
Question
Expert Answered
Asked 11/1/2012 5:32:11 PM
0 Answers/Comments
If someone owns a taxi (automobile) worth $1315 it is an A. Asset B. Liability C. Both D. neither
Weegy: Owns taxi (automobile) worth $1,315 A. Asset (automobile is an asset) User: Your supplies on hand are A. Asset B. Liability C. Both D. neither Weegy: Your supplies on hand are A. Asset. (More)
Question
Expert Answered
Asked 11/1/2012 5:40:55 PM
0 Answers/Comments
23,868,768 questions answered
Popular Conversations
Which word has a more negative connotation for the sentence ...
Weegy: We bought __________________ souvenirs at the amusement park: a. inexpensive. User: The dictionary meaning ...
2/7/2016 8:01:03 AM| 3 Answers
Both species benefit in the type of symbiosis called parasitism.
Weegy: Both species benefit in the type of symbiosis called parasitism. FALSE. User: Mutualism, commensalism, and ...
2/7/2016 9:25:53 AM| 3 Answers
You don't really approve of the idea of political parties. However, ...
Weegy: You don't really approve of the idea of political parties. However, you're known as a Federalist and are soon ...
2/7/2016 1:00:15 AM| 2 Answers
An organism’s particular role in its habitat, or how it makes its ...
Weegy: An organism's particular role in its habitat, or how it makes its living, is called its niche. User: An ...
2/7/2016 9:17:59 AM| 2 Answers
Which action associated with the United States' "return to normalcy" ...
Weegy: Washington Disarmament Conference was on 1921 and established a treaty between the United States, France, ...
2/8/2016 9:35:32 AM| 2 Answers
Weegy Stuff
S
Points 228 [Total 625] Ratings 0 Comments 228 Invitations 0 Offline
S
P
P
Points 152 [Total 959] Ratings 0 Comments 152 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 106 [Total 11279] Ratings 0 Comments 106 Invitations 0 Offline
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
R
Points 2 [Total 438] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)