Asked by
Ginger Haines
on Oct 20, 2024
Verified
Liabilities equal approximately ________ of total assets for nonfinancial U.S. businesses.
A) 10%
B) 25%
C) 45%
D) 75%
Liabilities
Financial obligations or debts that a company or individual owes.
Total Assets
The sum of all assets owned by an entity, including both current and non-current assets, as shown on the balance sheet.
- Make distinctions between actual assets and financial assets in terms of their valuation and administration.
Verified Answer
KC
Learning Objectives
- Make distinctions between actual assets and financial assets in terms of their valuation and administration.