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    Accounting Principles
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    Exam 1: Accounting in Action
  5. Question
    Owners' Claims to Total Business Assets Take Precedence Over the Claims
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Owners' Claims to Total Business Assets Take Precedence Over the Claims

Question 185

Question 185

True/False

Owners' claims to total business assets take precedence over the claims of creditors because owners invest assets in the business and are liable for losses.

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