A Liability Is

Multiple Choice

A liability is

A) the amount of money originally invested in a business by its owners.
B) any economic resource expected to benefit a firm or an individual who owns it.
C) the profits earned by and reinvested in the company.
D) the amount of money that owners would receive if they sold all of a firm's assets and paid all of its debts.
E) a debt owed by a firm to an outside organization or individual.