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 88 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
:D TYSM


steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

For a complete list of videos, visit our video library