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    Accounting Study Set 5
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    Exam 1: The Role of Accounting in Business
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    A Debt That a Business Owes to an Outside Party
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A Debt That a Business Owes to an Outside Party

Question 37

Question 37

Multiple Choice

A debt that a business owes to an outside party is called:


A) shareholders' equity.
B) revenue.
C) an asset.
D) a liability.

Correct Answer:

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