Examlex
Element 17 (Cl) and 9 (F) ________.
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits.
Debts
Obligations or amounts of money that are owed by a person, company, or country to creditors.
Accounts Payable
A liability account that represents amounts a company owes to suppliers or creditors for goods and services received but not yet paid for.
Stockholders' Equity
The residual interest in the assets of a corporation that remains after deducting its liabilities, representing the ownership stake of the shareholders.
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