Balance sheets usually organize liabilities into two broad categories, which are:
A. long-term liabilities and fixed liabilities.
B. contingent liabilities and long-term liabilities.
C. contingent liabilities and current liabilities.
D. current liabilities and long-term liabilities.
Answer: D
You might also like to view...
Which of the following describes the system of corporate governance?
A. governing an industry, such as the trucking industry, to protect customers B. protecting citizens against unethical state and national governments C. governing a company so that the interests of corporate owners and other stakeholders are protected D. monitoring an industry, such as law firms, to ensure ethical practices E. monitoring and limiting corporate political donations
The largest portion of giving by individuals is given to ______.
A. education B. hospice care C. religious organizations D. environmental charities
What is the strategic management process?
A. The CEO defines the main problems facing a company. B. Strategic leaders design a method to formulate and implement strategy. C. Strategic leaders focus on creating a vision that reflects the company's strategy. D. The CEO decides who the product managers will be for a company.
All 50 states, either by statute or court ruling, recognize a duty on the part of a minor to make restitution to the seller upon disaffirmance of a contract
Indicate whether the statement is true or false