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Match the Term with Its Definition

Question 26

Multiple Choice

Match the term with its definition.
-A long-term loan to purchase a building or land


A) balance sheet
B) debt
C) debt ratio
D) dividends
E) income statement (profit and loss statement)
F) interest expense
G) mortgage
H) operating expenses
I) owners' equity
J) retained earnings
K) total asset turnover

Correct Answer:

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