What does it mean to have liability for a company? A. It means your company is late in paying its taxes. B. It means you have a conflict of interest because you are in a position where you can take unfair advantage of your customers. C. It means your company is able to sue other companies that use your trademark. D. It means you can be held personally accountable for the financial debts and illegal actions of your company.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What does it mean to have liability for a company? A. It means your company is late in paying its taxes. B. It means you have a conflict of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Most entrepreneurs get the ideas for their products and services from a flash of inspiration. true
Answers (1)
An asset was acquired on September 30, 2021, for $104,000 with an estimated five-year life and $25,000 residual value. The company uses double-declining-balance depreciation.
Answers (1)
When making location decisions, nonprofit organizations differ from for-profit ones in seeking a balance between?
Answers (1)
The balance of a revenue account has a normal balance of $473.44. If the account is credited in the amount of $38.64, and the account is debited in the amount of $130.
Answers (1)
Several years ago, O'Leary's Manufacturing purchased a new machine with an 8-year expected life for $68,400. On its current balance sheet, O'Leary's lists accumulated depreciation on the machine at $51,300.
Answers (2)
New Questions in Business
Beridze Manufacturing expects to produce 2900 units in January and 3100 units in February. Beridze budgets $35 per unit for direct materials.
Answers (1)
What is customer relationship?
Answers (1)
Ane eyring works for pharmameds, inc. jane is a physician-scientist who is responsible for running the pilot tests on pharmamed's new oral spray medication for individuals with adult onset diabetes.
Answers (1)
2. Liquidity Consider the relative liquidity of the following assets: Assets 1. The funds in a savings account 2. A bond issued by a publicly traded company 3. A $5 bill 4.
Answers (1)
Trimble Graphic Design receives $1,800 from a client billed in a previous month for services provided. Which of the following general journal entries will Trimble Graphic Design make to record this transaction?
Answers (1)