Examlex
Which of the following statements is true?
Liabilities
Financial obligations or debts that an individual or company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.
Retail Establishment
A business location that sells products or services directly to consumers for personal or household consumption.
Current Owner
The individual or entity that currently holds ownership rights over a business, property, or asset.
Customers
Individuals or entities that purchase goods or services from a business, playing a crucial role in its sustainability.
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