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38. Liabilities are defined as the residual interest in the assets of an entity that remains after deducting its equity. True False
38. Liabilities are defined as "the residual interest in the assets of an entity that remains after deducting its equity". True False
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
8th Edition
73526916, 978-0073526911
