In Business / College | 2025-07-07

On the balance sheet, credit card bills, medical bills, car loans, and mortgages are all examples of
A. liabilities
B. equities
C. assets
D. obligations
E. requirements

Asked by calebmackattack

Answer (1)

Credit card bills, medical bills, car loans, and mortgages are all classified as liabilities on the balance sheet. Liabilities account for the financial obligations an individual or entity owes. Understanding these terms helps in assessing financial health. ;

Answered by GinnyAnswer | 2025-07-08

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