Amounts owed to the business' owners as a result of an initial investment are called liabilities.
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Q3: Society is considered to be a stakeholder
Q4: The value of an item is determined
Q5: Net income and profit are the same
Q6: The only way for business to get
Q7: Businesses primarily exist to generate sales.
Q9: Business owners expect to be compensated for
Q10: Business owners are paid interest on the
Q11: To manage a business effectively, an owner
Q12: When revenue exceeds cost, it is referred
Q13: Which of the following is NOT part
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