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You Are Able to Remember Your Two Computer Passwords Because

question 9

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You are able to remember your two computer passwords because they are the name of the place and state where you went on your honeymoon.This illustrates the use of which of the following?


Definitions:

Credit Purchase

Buying goods or services and deferring payment to a later date, typically recorded as accounts payable.

Liabilities

Economic responsibilities or liabilities a corporation has towards other entities, necessitating repayment through transferring assets like money, merchandise, or services eventually.

Assets

Economic resources controlled by a business, capable of producing value, and are expected to benefit future operations, including cash, inventory, and property.

Creditors' Claims

Rights of lenders to receive payment from a borrower or from a borrower’s assets.

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