There are three types of liability 1. wrongful liability 2. Statutory- 3. Vicarious Liability- 4. Absolute Liability-?

Balance sheets: These documents provide information about a company's “book” value and tally all of an organization’s assets, liabilities, and owners’ equity. Income statements: These documents, also known as profit and loss statements or P&Ls, detail how a company made and spent money for a given reporting period. Cash flow statements: These documents offer a look into a company’s cash flow from operating, investing, and financing activities. Annual reports: Annual reports summarize a business’s economic activity for the prior year, while also using storytelling to convey its progress toward initiatives and goals.