Assertion: balance sheet's liability | /r/HasProperty | money
Facets:
value: from bills
type: OTHER
Source sentences:
text: Liabilities: money the company owes to others.
text: Liabilities are any money that a business owes.
text: Liabilities are the money that a company owes to outside parties, from bills it has to pay to suppliers to interest on bonds it has issued to creditors to rent, utilities and salaries.
text: Liabilities are money you owe others, such as a mortgage on property and the balance of loans and debts to suppliers.
text: Liabilities – Debts, money owed to suppliers, taxation, pensions and accruals.
text: Even though the kid spent that $15 on his or her lemonade business, that amount remains on "the books," both in the assets section (since the drink-making supplies are still on hand until the drinks start selling) and the liabilities and stockholders' equity section (money the kid put into the company is his or her equity, and the kid still owes Mom and Dad that $5).
text: The balance sheet then shows the business’s liabilities, which divide into current liabilities, money due within a year like tax bills and money owed to staff, and long-term liabilities, which are due in more than a year, like a mortgage or a bank loan.