The Main Characteristics of Liabilities (Essay Sample)
Instructions
In this unit, you examine different types of liabilities. For this assignment, compose an essay that answers the following questions:
What are three main characteristics of liabilities, and why is it important to classify liabilities into short-term and long-term? Include examples of short and long-term liabilities in your response.
Your essay must be at least one page in length. Be sure to include an introduction that gives the purpose of your essay and engages the reader. You must use at least your textbook as a reference, but you may use other resources as needed. Any information from a resource must be cited and referenced in APA style, and your essay should be formatted in accordance with APA guidelines.
Liabilities
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Liabilities
Liability in business is a financial obligation or debt that a company secure during its operation. Additionally, these obligations or debts are settled in future by the company to their debtors through transferring of its economic benefits such as good, services or money.
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