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.
Ask a question
Not a good answer? Get an answer now. (FREE)
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
All Categories|No Subcategories|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
All Categories|No Subcategories|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
All Categories|No Subcategories|Expert Answered
Asked 11/1/2012 5:40:55 PM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
which life stage does nutritional issue might cause the most problems ...
Weegy: Malnutrition is a common problem in cancer patients that has been relief from nutrition impact symptoms and ...
4/19/2014 1:18:55 AM| 5 Answers
Pax Romana lasted from the reign of
Weegy: Pax Romana lasted from the reign of: Marcus Aurelius.
4/19/2014 4:45:15 PM| 3 Answers
ODBS stands for ______ a. Offline database connection b. Oriented ...
Weegy: ODBS stands for - c. Open database connection
4/20/2014 10:16:42 AM| 3 Answers
Energy from sunlight is harmful to our skin.
4/19/2014 4:02:26 AM| 2 Answers
Helen's sign for her mother was touching her hand to her
Weegy: forehead User: The students at Perkins Institute sent Helen a(n): Weegy: The students at Perkins Institute ...
4/19/2014 7:05:08 AM| 2 Answers
(3+ (6)) (6+ 5)=
Weegy: (3+6)(6+5) 9 + 11 = 20
4/19/2014 8:54:53 AM| 2 Answers
( 7- 10)2- 630
4/19/2014 12:22:32 PM| 2 Answers
As temperature increases, the speed of ...
Weegy: No, it decreases because when temperature is low water is present in atmosphere which let sound to go fast
4/19/2014 1:04:54 PM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1591 [Total 6978]| Ratings 0| Comments 1591| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1457 [Total 9338]| Ratings 0| Comments 1457| Invitations 0|Offline
S
1
L
1
L
P
Points 496 [Total 7173]| Ratings 1| Comments 486| Invitations 0|Offline
S
L
Points 429 [Total 2876]| Ratings 2| Comments 399| Invitations 1|Offline
S
L
1
1
1
Points 179 [Total 3445]| Ratings 7| Comments 109| Invitations 0|Online
S
R
Points 178 [Total 290]| Ratings 5| Comments 108| Invitations 2|Offline
S
Points 163 [Total 579]| Ratings 0| Comments 163| Invitations 0|Offline
S
Points 156 [Total 156]| Ratings 6| Comments 76| Invitations 2|Online
S
1
Points 154 [Total 484]| Ratings 3| Comments 124| Invitations 0|Offline
S
Points 141 [Total 785]| Ratings 1| Comments 131| Invitations 0|Offline