____________________ are the external parties to whom the business owes economic obligations.
Correct Answer:
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Q6: _ are a business' economic resources that
Q7: _ _ are cash and other assets
Q8: _ _ is the total amount of
Q9: _ are assets that do not have
Q10: _ are the economic obligations (debts) of
Q12: _ are obligations that the business expects
Q13: Accounts payable, salaries payable, unearned revenues, and
Q14: _ _ are amounts owed to suppliers.
Q15: Owner's equity is the owner's current _
Q16: Managers are concerned with the business' balance
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