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CFA Level 1
Financial Reporting and Analysis

Identifying Components of Liabilities on Balance Sheet

Very Easy Financial Statements Balance Sheet

The balance sheet is one of the key financial statements used to assess a company's financial health. It consists of assets, liabilities, and equity. The equation that represents the balance sheet is:

Assets = Liabilities + Equity

Which of the following is included in the balance sheet as a component of liabilities?

Hint

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