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    Survey of Accounting Study Set 7
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    Exam 1: The Role of Accounting in Business
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    The Debt Created by a Business When It Borrows from a Vendor
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The Debt Created by a Business When It Borrows from a Vendor

Question 9

Question 9

Multiple Choice

The debt created by a business when it borrows from a vendor or supplier is called a(n) :


A) account payable.
B) contingent liability.
C) intangible asset.
D) account receivable.

Correct Answer:

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