A debt that a business owes to an outside party is called:
A) shareholders' equity.
B) revenue.
C) an asset.
D) a liability.
Correct Answer:
Verified
Q60: Assets are $150 000 and total liabilities
Q61: Martin Supply Service received $1 000 cash
Q62: Hamilton Lawn Service earned $1 000 for
Q63: Hamilton Lawn Service earned $1 000 for
Q64: Martin Supply Service paid $350 cash to
Q67: Items such as buildings and land are:
A)assets.
B)liabilities.
C)equity.
D)revenues.
Q68: Hamilton Lawn Service incurred an $800 repair
Q69: Hamilton Lawn Service earned $1 000 for
Q70: There are relatively few types of revenue.
Q117: A business owner starts a new business
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