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    Exam 16: Accounting for Financial Success
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    What a Company Owes to Its Creditors Is Called Debts
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What a Company Owes to Its Creditors Is Called Debts

Question 61

Question 61

Multiple Choice

What a company owes to its creditors is called debts. What is the term in accounting terminology?


A) liabilities
B) accounts payable
C) owners' equity
D) creditables

Correct Answer:

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