Ask Question
18 October, 20:19

What is liability?

the opportunity of the sole proprietor to keep all profits after taxes

the legal obligation to pay debts

the requirement to offer fringe benefits

the necessity to do a lot of paperwork

+5
Answers (2)
  1. 18 October, 20:30
    0
    B) the legal obligation to pay debts.

    Explanation:

    Liability is the legal obligation to pay debts. In the United States, when you owe somebody, you have the obligation to pay. That is a liability. A liability is a legal financial debt that resulted in business operations.
  2. 18 October, 21:36
    0
    The answer which you are searching for is number 2) the legal obligation to pay debts.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is liability? the opportunity of the sole proprietor to keep all profits after taxes the legal obligation to pay debts the requirement ...” in 📙 History 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