Which one of the following events involves a liability for a business?
a. Loans to be repaid to banks
b. Inventories purchased for cash
c. Amounts invested by the owners
d. Stock sold to the general public
a
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a. accounts payable. b. interest payable. c. notes payable. d. taxes payable.
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
Arbitrary and fanciful trademarks receive the strongest legal protection
a. True b. False Indicate whether the statement is true or false