which of the following is a type of liability?\na. a revenue stream\nb. a liquid asset\nc. accounts…

which of the following is a type of liability?\na. a revenue stream\nb. a liquid asset\nc. accounts payable\nd. accounts receivable\nplease select the best answer from the choices provided\na\nb\nc\nd

which of the following is a type of liability?\na. a revenue stream\nb. a liquid asset\nc. accounts payable\nd. accounts receivable\nplease select the best answer from the choices provided\na\nb\nc\nd

Answer

Brief Explanations:

  • Option A: A revenue stream is related to income, not a liability.
  • Option B: A liquid asset is an asset, not a liability.
  • Option C: Accounts payable represents money owed by a company, which is a liability.
  • Option D: Accounts receivable represents money owed to a company, which is an asset.

Answer:

C. Accounts payable