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    College Accounting
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    Exam 1: Accounting Concepts and Procedures: an Introduction
  5. Question
    An Obligation That Is Payable to Creditors Is
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An Obligation That Is Payable to Creditors Is

Question 53

Question 53

Multiple Choice

An obligation that is payable to creditors is


A) an asset.
B) a liability.
C) the owner's equity.
D) an expense.

Correct Answer:

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