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Which statement about water use is INCORRECT?
Liabilities
Financial obligations or debts that a company owes to outside parties, including loans, accounts payable, mortgages, and accrued expenses.
Stockholders' Equity
The equity capital that is contributed by shareholders plus the retained earnings of the company. It represents the residual value of assets after liabilities have been settled.
Creditors' Risk
The risk that debtors will default on their obligations, resulting in financial loss for creditors.
Verifiable
The characteristic of information that can be checked for accuracy and reliability.
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