. _______ Unlimited liability meansa. there is no limit on the amount an owner can borrow.b. creditors will absorb any loss from nonpayment of debt.c. the business can borrow money for any type of purchase.d. the owner is responsible for all business debts.e. stockholders can borrow money from the business

. _______ Unlimited liability meansa. there is no limit on the amount an owner can borrow.b. creditors will absorb any loss from nonpayment of debt.c. the business can borrow money for any type of purchase.d. the owner is responsible for all business debts.e. stockholders can borrow money from the business

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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How does unlimited liability put a business owner atrisk?
How to do this? 4