Indicate Whether Each of the Following Statements About Liabilities Is

True/False

Indicate whether each of the following statements about liabilities is true or false.a)Liabilities are reported on the balance sheet.b)The acquisition of a bank loan increases both assets and liabilities.c)The accounting equation requires that liabilities be equal to stockholders' equity.d)The amount of a company's liabilities is equal to the difference between its assets and its stockholders'equity.e)Liabilities are reported on the statement of cash flows of a business.