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  3. Study Set
    Accounting
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    Exam 1: Accounting and the Business Environment
  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 135

Question 135

Multiple Choice

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


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

Correct Answer:

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