Multiple Choice
The claims of a business's creditors are called
A) assets.
B) liabilities.
C) equity.
D) revenue.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q81: Both liabilities and equity are sources of
Q119: Which financial statement matches asset increases from
Q120: Ruiz Company sold land for $25,000 cash.The
Q121: What is stockholders' equity?
Q122: Which financial statement presents a summary of
Q123: Frey Company was founded January 1,2012.During 2012,the
Q125: Rodriguez Company was founded in 2010.It acquired
Q126: MNO Company paid $500 cash for salary
Q128: Which of the following transactions is an
Q129: Which financial statement reports the results of