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  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 1: The Role of Accounting in Decision Making
  5. Question
    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 3

Question 3

Multiple Choice

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


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

Correct Answer:

verifed

Verified

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