Liabilities are reported on the

a$.$ income statement

b$.$ balance sheet

c$.$ statement of cash flows

d$.$ statement of stockholders' equity

Within the United States, the dominant body in the primary development of accounting principles is the

a$.$ American Accounting Association $($AAA$)$

b$.$ Financial Accounting Standards Board $($FASB$)$

c$.$ Institute of Management Accountants $($IMA$)$

d$.$ American Institute of Certified Public Accountants $($AICPA$)$