On a balance sheet, a corporation’s economic obligations to nonowners are called a. Owners’ equity b. Liabilities c. Assets d. Retained earnings.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter8: Business Organizations
Section8.2: Sole Proprietorships And Parternships
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On a balance sheet, a corporation’s economic obligations to nonowners are called a. Owners’ equity b. Liabilities c. Assets d. Retained earnings.

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