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Match Each Definition with the Correct Term Below

question 161

Multiple Choice

Match each definition with the correct term below.
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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be paid in the future, including loans, accounts payable, and mortgages.

Shareholders' Equity

The residual interest in the assets of a corporation after subtracting liabilities, representing the ownership interest of shareholders.

Liabilities

Obligations a company owes to external parties, which can include loans, accounts payable, mortgages, and other debts due.

Assets

Resources owned by a company or individual that have economic value and can be used to meet debts or commitments.

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