Which piece of information is important for a business to remember when incurring liabilities? ...
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Accounting
Which piece of information is important for a business to remember when incurring liabilities?
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Liabilities are obligations a company must budget for a year in advance.
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Liabilities must be repaid using owners' equity.
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Liabilities reduce the amount of owners' equity.
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Liabilities are typically paid from the sale of goods or services.
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