The given statement exists as False. Liabilities are financial resources that the company anticipates using in the future for its advantage.
Liabilities are financial resources that the company anticipates using in the future for its advantage.
An essential component of supply and demand in the economy is liabilities. Consumers and producers enter into a responsibility agreement for payment of the products. As a result, there is an open flow of funds and an ongoing cycle of income.
If liabilities become unmanageable, it can be necessary to sell assets to cover the debt. This could lower the company's worth (the equity share of the owners). Contrarily, debt (a liability) can be utilized to acquire new assets that raise owners' equity stakes by generating revenue.
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