Asked by Magen Phillips on Jun 03, 2024

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Meryl is a corporate certified public accountant (CPA) working on a new budget.When she lists the company's liabilities,which of the following will she include?

A) Computer software
B) Owners' equity
C) Marketable securities
D) Employees' wages and salaries

Certified Public Accountant

A professional accountant who has passed the required examination and met all other state and educational licensing requirements to be certified by the state.

Liabilities

Financial obligations or debts that a business or individual owes to others, which need to be settled over time.

Marketable Securities

Financial instruments that can be easily converted into cash, typically with high liquidity and short maturity periods.

  • Identify the differences among asset classes, liabilities, and proprietors' equity.
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JR
Jessica RamosJun 08, 2024
Final Answer :
D
Explanation :
Liabilities are a company's legal financial debts or obligations that arise during the course of business operations. Employees' wages and salaries are considered liabilities because they are future payments the company owes to its employees for work performed.