Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Promoted
Anonymous
By definition, does a liability become a liability after what they owe is over due or are current bills/debts considered liabilities ?
2 Answers
Relevance
- Felony JayneLv 53 hours ago
Current bills/debts are liabilities. There are assets (things you own) and liabilities (things you owe).
- A HunchLv 73 hours ago
A liability is something that you owe the minute you owe it.
If your car loan is $15000 but you pay $199 a month, the $15000 is the liability not the $199.
Still have questions? Get your answers by asking now.