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Which of the following statements is the correct definition of a liability? OA liability is a claim against a customer who is delinquent in paying

Which of the following statements is the correct definition of a liability? OA liability is a claim against a customer who is delinquent in paying their bill. OA liability is recorded when money is earned by the business. OA liability is a claim by a creditor against the assets of a business. OA liability is a thing of value owned by a business. Which set of accounts below would have a normal debit balance? O Dividends; Expenses; Unearned rent O Expenses; Dividends; Cash O Revenues; Dividends, Prepaid rent O Expenses, Dividends; Common Stock

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