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    Horngrens Accounting Study Set 2
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    Exam 1: Accounting and the Business Environment
  5. Question
    Owner's Equity Is An
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Owner's Equity Is An

Question 41

Question 41

Multiple Choice

Owner's equity is an:


A) insider claim to the business's assets.
B) outsider claim to the business's assets.
C) obligation to pay cash today.
D) obligation to pay cash in the future.

Correct Answer:

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