In the Accounting Equation, Claims on the Business Are of Two

question 15

Multiple Choice

In the accounting equation, claims on the business are of two broad types:

• A) bills payable and bills receivable.
• B) debtors and creditors.
• C) liabilities and equity.
• D) loans to and loans from outsiders.

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Definitions:

External Iliac Vein

A large vein in the pelvis that carries deoxygenated blood from the lower limbs back to the heart.

Superior Vena Cava

A large vein that carries deoxygenated blood from the upper half of the body to the heart's right atrium.

Mesenteric Vein

A vein in the mesentery that drains blood from the small intestine and parts of the large intestine into the portal vein.

Ductus Venosus

A fetal blood vessel that diverts some blood flow away from the liver and directly into the inferior vena cava.