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 50 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
Thanks for the timely response, appreciate it


mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

For a complete list of videos, visit our video library