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  3. Study Set
    Fundamental Accounting Principles
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    Exam 1: Accounting in Business
  5. Question
    An Obligation of a Business That Represents the Claims of Others
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An Obligation of a Business That Represents the Claims of Others

Question 222

Question 222

Multiple Choice

An obligation of a business that represents the claims of others against the assets of the business is called a(n)


A) asset
B) expense
C) revenue
D) equity
E) liability

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