1 What is a distribution of income to the owners of a corporation rather than an expense of doing business?

2 What kind of liability is an amount owed to parties who loan the company money ?

3 What kind of liability is an amount due from customers for services already provided.?

4 Which financial statement lists a company's assets, liabilities, and stockholders' equity as of a specific moment in time?

5 What is another name for debts owed by a business?