When Companies Owe Money to Creditors,suppliers,and Others,these Outstanding Amounts Are

question 294

Multiple Choice

When companies owe money to creditors,suppliers,and others,these outstanding amounts are recorded on the balance sheet as __________.

• A)Contra-assets
• B)Liabilities
• C)Owners' equity
• D)Expenses

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Charles Darwin

A 19th-century naturalist and geologist, best known for his contributions to the science of evolution, particularly the theory of natural selection.

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The scientific field that studies the biological processes and aspects that underlie cognition, with a specific focus on the neural connections in the brain which are involved in mental processes.

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