A Debt That a Business Owes Is Called ________

question 18

Multiple Choice

A debt that a business owes is called ________.

• A)an asset
• B)a liability
• C)stockholders' equity
• D)revenue

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Definitions:

Acid Tanker

A specialized tank truck designed for transporting acidic substances safely, featuring materials and construction that resist corrosion and damage from acids.

Stainless Steel

A corrosion-resistant alloy steel containing chromium, used in a wide variety of applications for its durability and appearance.

Non-Reactive

Describes substances that do not easily undergo chemical reactions with other substances under given conditions, often related to material safety and stability.

Silicone RTV

A room-temperature-vulcanizing silicone used as a sealant or adhesive, capable of forming durable, flexible seals resistant to temperature and moisture.