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Liabilities a. possess service potential. O b. O c. d. are things of value used by the business in its operation. are existing debts and obligations. are future economic benefits. Qu No W с f

Liabilities a. possess service potential. O b. O c. d. are things of value used by the business in its operation. are existing debts and obligations. are future economic benefits. Qu No W с f

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 2 Not yet answered Liabilities a. possess service potential. O b. C. are things of value used by the business in its operation. are existing debts and obligations. O d. are future economic benefits. Question 4 Not yet answered Accountants refer to an economic event as a a. Change in Ownership b. Transaction C. Sale d. Purchase Question 6 Not yet answered Which of the following would not be considered internal users of accounting data for a company? The president of a company The controller of the company a. b. c. Creditors of the Company d. Salesmen of a company
Transcribed Image Text:Question 2 Not yet answered Liabilities a. possess service potential. O b. C. are things of value used by the business in its operation. are existing debts and obligations. O d. are future economic benefits. Question 4 Not yet answered Accountants refer to an economic event as a a. Change in Ownership b. Transaction C. Sale d. Purchase Question 6 Not yet answered Which of the following would not be considered internal users of accounting data for a company? The president of a company The controller of the company a. b. c. Creditors of the Company d. Salesmen of a company
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