Define liabilities, current liabilities, and long-term liabilities.

Text Book Resource (Chapter 9):
See attached document.

Prompt:
“Define liabilities, current liabilities, and long-term liabilities.”

Please include citations from either the resource I’ve attached here and/or any other resource you may use.

Substantial content requires staying on topic and fully addresses the assignment in a clear, concise, and meaningful manner.
Direct quotes from references must be less than 20 words. Please review for sentence structure, grammar and punctuation errors.

Length: 1 page of content
Font: Times New Roman size 12pt

Margin: 1″ all around