Which word best describes Liabilities from the entity's viewpoint? a. Tangible. b. Obligation. c. Money. d. Liquidity. e. Bank. Obligation Bank Money Liquidity Tangible Question 5 (4 points) Balance Sheets are not particularly good at: Keeping track of the bank account balance. Showing the company's Liabilities exposure at a point in time. Explaining the financial results of the activities undertaken. None of the above All of the above Question 6 (4 points) Only one of the accounting elements can ever be tangible. Which one? a. Assets b. Liabilities c. Equity d. Income e. Expenses Income Equity Assets Liabilities Expenses