which of the following are financial obligations or debts that an individual or entity owes to others…
which of the following are financial obligations or debts that an individual or entity owes to others? assets liabilities equity
Answer
Brief Explanations:
Assets are what an individual or entity owns. Equity represents the residual interest in the assets of an entity after deducting liabilities. Liabilities are financial obligations or debts owed to others.
Answer:
B. liabilities