2. Which of the Following Best Describes a Liability

No coverage because the loss happened outside the US. In financial accounting a liability is defined as an obligation of an entity arising from past transactions or events the settlement of which may result in the transfer or use of assets provision of services or other yielding of economic benefits in the future.

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Ability to raise large capital.

. An excess of equity over current asset b. Which of the following best describes vicarious liability. 10 Which of the following describes a liability.

The correct answer is. Nessa can be held personally liable up to the amount of her percentage of voting rights. Resources to meet financial commitments as they fall due.

A Direct civil liability for the actions of another B Indirect liability for failing to stop criminals C Indirect liability for the actions of another. A liability is considered an obligation and is listed on a companys balance sheet. The welder sues the manufacturer of the shield.

A present obligation of the entity arising from past events c. Listed on the left-hand side of a balance sheet D. Something that a business owes C.

Which of the following best describes a liability. Which of the following statements best describes a liability. Which of the following best describes a liability.

12 - Which of the following accounts are used when a. In a sole-proprietorship the liability for finances is the sole responsibility of the business owner. Something that a business owes.

Always equal to an asset Weegy. Which of the following statements best describes the liability Nessa could face if she becomes partner. Listed on the left-hand side of a balance sheet D.

Which of the following best describes the attributes of a partnership. Superfund Liability is. Anything of value owned by the business B.

A liability can be settled by transferring assets or providing products or services to others. Which of the following statements best describes a LIABILITY. Officer Owen is in a code 3 pursuit over a minor traffic violation.

C A liability is a legal economic benefit. Up to 5000 aggregate for the policy period D. Which of the following best describes a liability.

Limited ability to raise capital. Asked Aug 30 2019 in Business by whynot A. And a claim occurs in Japan.

Debt created in a sole proprietorship is unlimited liability for the one person who formed the business. 13Which of the following best describes the amount of loss assessment coverage included under a homeowners policy liability coverage section. This is part of the accounts payable.

Joint and Several - Any one potentially responsible party PRP may be held liable for the entire cleanup of the site when the harm caused by multiple parties cannot be separated. Limited personal liability of owners Federation. Always equal to an asset.

A welder borrows a new face shield from a coworker when soldering metal in a new building. Limited ability to raise capital. Listed on the left-hand side of a balance sheet D.

Anything of value owned by the business B. Up to 1000 per occurrence B. O Liabilities are accounts receivable of the company.

Unlimited personal liability of owners d. 12 - Which of the following is not a characteristic of. Liabilities are future economic benefits to which a company is entitled.

A the potential profit from selling a firm s assets and settling all of its debts B a debt owed by a. The statement that best describes a liability would be something that a business owes. Anything of value owned by the business B.

Strict - A PRP cannot simply say that. Liabilities are economic obligations to creditors to be paid at some future date by the company Question 2 1 point. B A liability is an enforceable economic burden or obligation.

Ability to raise large amounts of capital. Up to 2500 per occurrence C. Limited personal liability of owners b.

Unlimited personal liability of owners c. Something that a business owes is the statement that best describes liability. Something that a business owes C.

Liabilities are a form of share capital. Always equal to an asset. 12 - Which of the following best describes a contingent.

A liability is a claim by creditors against the assets of a. The residual interest in the assets of the entity after deducting all of its liabilities. Retroactive - Parties may be held liable for acts that happened before Superfunds enactment in 1980.

Something that a business owes C. A woman ingests a pesticide that was packaged in a bottle resembling a juice container. 12 - Marathon Peanuts converts a 130000 account.

The correct answer of the given question would be option B. Covered only if the policy has been endorsed to extend the coverage territory C. 12 - Sunlight Growers borrows 250000 from a bank at a.

D Deferred income taxes are always shown as liabilities. When sparks hit the shield they penetrate the plastic and burn the welders face. During the pursuit the officer runs a red light and collides.

A Any obligation whether enforceable or not is a liability. Hope this is the answer that you are looking for. B 5 - 14.

Up to 10000 aggregate for the policy period. Which of the following best describes an insureds position regarding coverage under the CGL policy when a product is manufactured in the US. Which of the following best describes a liability.

Which Measure Of Central Tendency Best Describes The Weight Of The Candy In 2022 Central Tendency Histogram Weight

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