Which of the following is a type of liability?

A. A revenue stream

B. A liquid asset

C. Accounts payable

D. Accounts receivable

Answer: C. Accounts payable

A liability is a debt or obligation that is owed to someone or an organization, or something that represents a debt owed.

A revenue stream is a source of income or profit received from an investment. A liquid asset can be money at hand, or a valuable property that can easily be converted into cash without suffering any losses. Accounts receivable is debt owed to an organization or money expected from a debtor.

Economics

3 years ago

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