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Which of the following is the strongest acid?
Liabilities
Financial obligations that a company owes to outside parties, including loans, accounts payable, mortgages, and other debts.
Retained Earnings
The portion of a company's profits that is saved or retained rather than distributed to shareholders as dividends.
Balance Sheet
An overview report capturing a business's financial condition, specifying its holdings, liabilities, and shareholder equity at a specific instant.
Income Statement
A financial report that shows a company's revenues, expenses, and profits over a period, highlighting its profitability.
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