The difference between debt and equity is that: (a) debt is what the organisation owes its shareholders

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The difference between debt and equity is that:

(a) debt is what the organisation owes its shareholders and equity is what it owes government

(b) debt is what the organisation owes its lenders and equity is what it owes government

(c) debt is what the organisation owes its lenders and equity is what it owes share¬ holders

(d) debt is what the organisation owes its shareholders and equity is what it owes lenders

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Financial Accounting

ISBN: 9780273658597

3rd Edition

Authors: Anne Britton, Christopher Waterston

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Question Posted: Jun 11, 2024 01:01 AM

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The difference between debt and equity is that: (a) debt is what the organisation owes its shareholders

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Financial Accounting

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