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When Accountants Refer to Capital of a Corporate Organization, They

Question 18

Multiple Choice

When accountants refer to capital of a corporate organization, they mean


A) the cash held by the organization at the point in time when the reference to capital is made.
B) the assets of a business organization that are durable and last a long period of time.
C) money borrowed to finance the operations of the organization.
D) stockholders' equity or owners' equity.

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