Answered: Amount owed by the business to…

Amount owed by the business to outsiders or whatever is payable by a company is known as ___. a. Liability b. Expense c. Revenue d. Asset

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 5DQ

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Amount owed by the business to outsiders or whatever is payable by a company is known as ___. a. Liability b. Expense c. Revenue d. Asset

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