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__________ are the amounts which are owned to other entities:
Suggested Answer: D
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44 comments · newest first
SH
Shay
10 months ago
No way, it's definitely Liabilities!
DA
Darrin
10 months ago
Wait, are we sure it's not Assets?
LE
Lemuel
10 months ago
Definitely going with D, makes the most sense!
VI
Virgilio
11 months ago
Liabilities are what you owe to others.
LU
Lucina
11 months ago
I thought Expenses were what you owe too?
AD
Adria
11 months ago
I keep mixing up assets and liabilities. Are liabilities really what we owe? I hope I get this right!
VA
Valentine
11 months ago
I feel like I saw a similar question in our practice tests, and it was definitely about liabilities.
AL
Alana
12 months ago
I remember something about liabilities being debts or obligations, so I would lean towards option D.
SH
Shantay
12 months ago
I think this might be about what a company owes, so maybe it's liabilities? But I'm not completely sure.
BA
Barrie
12 months ago
The key here is understanding the definition of Liabilities. That's the amount owed to other entities, so that's the correct answer. A good strategy is to focus on the definitions of the terms.
MA
Magnolia
1 year ago
Ugh, I'm so confused by this question. Is it Supplies, Expenses, Assets, or Liabilities? I'm going to have to review my notes before answering.
RA
Raylene
1 year ago
Okay, I've got this. Liabilities are the amounts owed to other entities, so that's definitely the right answer. Feeling confident about this one.
JE
Jerlene
1 year ago
Hmm, I'm not totally sure about this one. I'm debating between Liabilities and Assets. I'll have to think it through carefully.
TI
Timmy
1 year ago
This one seems pretty straightforward. I think the answer is Liabilities, since that refers to the amounts owed to other entities.
LI
Lisha
1 year ago
D) Liabilities, all the way! Just like my Uncle Vinny always says, 'You can't skip out on your debts, or the mob will be knocking on your door.'
AR
Arlen
1 year ago
D) That's right, can't ignore those liabilities or you'll be in trouble.
AL
Alica
1 year ago
D) Liabilities are important to keep track of, just like your Uncle Vinny says!
JE
Jenifer
1 year ago
D) Liabilities
ME
Melodie
1 year ago
C) Assets
FR
France
1 year ago
B) Expenses
AL
Alba
1 year ago
A) Supplies
AR
Arthur
1 year ago
I'm going with D) Liabilities, baby! It's like my grandma used to say, 'If you owe it, you gotta pay it.' Ain't no getting around that one.
LA
Lavera
1 year ago
I agree, liabilities are debts that must be paid.
KA
Kathrine
1 year ago
That's right! Your grandma was wise.
NO
Nobuko
1 year ago
D) Liabilities are the amounts which are owned to other entities.
YE
Yen
1 year ago
Hmm, this is a real head-scratcher. But I'm feeling confident in D) Liabilities. Gotta pay the piper, you know? Can't keep the creditors waiting forever.
RO
Roxanne
1 year ago
Liabilities are important to keep track of to ensure financial stability.
LE
Leanna
1 year ago
Yes, you're right. Liabilities represent the obligations a company has to pay back debts.
OZ
Ozell
1 year ago
I agree with you, D) Liabilities are the amounts owed to other entities.
LY
Lyla
2 years ago
But what about C) Assets? Aren't those also amounts owned by a company?
LO
Lourdes
2 years ago
Liabilities, for sure! Ain't no way I'm picking 'Supplies' or 'Expenses' - those are just things we use up, not what we owe. Simple as that!
AL
Alyce
1 year ago
Yeah, assets are what we own, so it makes sense that liabilities are what we owe.
OR
Oren
1 year ago
I agree, liabilities are definitely the amounts we owe to others.
TO
Tomas
2 years ago
I agree with Renea, liabilities are amounts owed to other entities.
RE
Renea
2 years ago
I think the answer is D) Liabilities.
RE
Rebbeca
2 years ago
Ooh, this one's a toughie! Let's see, I'm gonna have to go with D) Liabilities. Gotta pay up what we owe, right?
JE
Jesusita
1 year ago
Exactly, it's important to keep track of both assets and liabilities in accounting.
AN
Anika
1 year ago
So, assets are what we own, and liabilities are what we owe.
DO
Dortha
1 year ago
Yeah, liabilities are like debts that need to be paid off.
DO
Dottie
1 year ago
I think you're right, liabilities are the amounts we owe to others.
UL
Ulysses
1 year ago
Exactly, it's important to keep track of both assets and liabilities in accounting.
AN
Angelyn
1 year ago
So, assets are what we own, and liabilities are what we owe.
SH
Shawn
1 year ago
Yeah, liabilities are like debts that need to be paid off.
KI
Kirby
1 year ago
I think you're right, liabilities are the amounts we owe to others.