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Maria Varela Pagan
on Nov 14, 2024

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Liabilities of a company are owed to

A) debtors.
B) benefactors.
C) creditors.
D) underwriters.

Liabilities

Financial obligations or debts that an entity owes to others, which need to be settled over time via the transfer of economic benefits.

Creditors

Individuals or entities that a company owes money to for goods or services that have been delivered but not yet paid for.

Debtors

Individuals or companies that owe money to another party, often referred to in the context of accounts receivable.

  • Recognize the different categories of company liabilities.
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Rachel ThomasNov 15, 2024
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