Liabilities are reported on the a. balance sheet b. income statement c. statement of owner's equity...

Liabilities are reported on the

a. balance sheet

b. income statement

c. statement of owner's equity

d. statement of cash flows

Expert Solution

Answer to the above question is " a" Balance Sheet.

Liabilities are reported on the Balance Sheet. Balance sheet shows the statement of assets and liabilities and equity capital on a particular point of time.

There are current liabilities and non current liabilities as per the nature and repayment nature of the liability.

ekkarill92 answered 2 years ago

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