Which of the Following Describes a Liability

Multiple Choice

Which of the following describes a liability?

A) the potential profit from selling a firm's assets and settling all of its debts
B) a debt owed by a firm to an outside organization or individual
C) any economic resource expected to benefit a firm or an individual who owns it
D) any economic deficit expected to cost a firm or an individual who owns it
E) the amount of money originally invested in a business by its owners