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    Exam 12: The Role of Accounting in Business
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    The Debt Owed by a Business to an Outside Individual
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The Debt Owed by a Business to an Outside Individual

Question 135

Question 135

Multiple Choice

The debt owed by a business to an outside individual or organization is called its _____.


A) liability
B) equity
C) asset base
D) variable outflow

Correct Answer:

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