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    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 11: Long-Term Liabilities, bonds Payable, and Classification of Liabilities on the Balance Sheet
  5. Question
    A Mortgage Payable Is a Debt That Is Backed with a Security
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A Mortgage Payable Is a Debt That Is Backed with a Security

Question 114

Question 114

True/False

A mortgage payable is a debt that is backed with a security interest in property.

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