Why do firms want to have liabilities? Could a firm operate without liabilities? Who would be advantaged

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Why do firms want to have liabilities? Could a firm operate without liabilities?

Who would be advantaged or disadvantaged if there were no opportunities for a firm to incur liabilities? Under what circumstances might a firm be unable to obtain credit and incur a liability? LOP9

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Financial Accounting Reporting And Analysis

ISBN: 9780324149999

6th Edition

Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice

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