What is the Accounting Equation? Explaining Assets = Liabilities + Equity
Peak Frameworks
MAY 22, 2023
Liabilities represent the obligations a company has to outside parties, such as debts, loans, and accounts payable. Examples include accounts payable, short-term debt, and accrued expenses. Examples include long-term debt, deferred tax liabilities, and pension obligations. For example, Apple Inc. reported total assets of $338.16
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