This topic contains a solution. Click here to go to the answer

Author Question: Liabilities are both current and long-term debts. Indicate whether the statement is true or ... (Read 75 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
Liabilities are both current and long-term debts.
 
  Indicate whether the statement is true or false

Question 2

Assets are the owner's investment in the business, including profits as they occur.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

True

Answer to Question 2

False




Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jul 21, 2018
Gracias!


epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

For a complete list of videos, visit our video library