Which of the following statements is true of liabilities? a) It represents claims to a...
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Accounting
Which of the following statements is true of liabilities?
a) It represents claims to a companys equity.
b) The smaller a liability total is in comparison to the reported amount of assets, the riskier the financial position.
c) A lower percentage of current liabilities to current assets will result in a lower current ratio.
d) It is an obligation owed to a party outside the reporting organization.
e) It cannot be settled by the conveyance of other assets or the delivery of services.
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