uestion 3 A liability that results from a purchase of goods or services on open account is referred to as a(n) ot yet nswered arked out of Flag uestion Select one: O a. notes payable. O b. accounts payable. O c. accounts receivable. O d. notes receivable. 4 Which of the following statements is true? ed Select one: but of O a. Liabilities are future cash inflows. O b. Assets are expected to benefit no one. O c. Assets are always the sum of liabilities and owners' equities. O d. Owners' equities are economic sacrifices after deducting liabilities