liability

Question 1

define current and long term

Answer 1

current is within 12 months and long take is over 12 months

Question 2

factors of limited liability

Answer 2

owner is not responsible for the debt of business
business and owner are separate entities

Question 3

factors of unlimited liability

Answer 3

owner is responsible for the debt of the business
owner and business are same entity
owners personal assets are at risk