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instructions creditors liabilities assets expenses individuals or organ…

Question

instructions
creditors
liabilities
assets
expenses
individuals or organizations that have rights to receive payments from a business
things of value owned by a business
claims against the assets of a business
the costs of doing business
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Explanation:

Brief Explanations
  1. Creditors are parties owed payment by a business, matching the definition of entities with rights to receive payments.
  2. Liabilities represent external claims on a business's assets, as they are obligations the business must settle.
  3. Assets are the economic resources (items of value) that a business owns and uses to generate value.
  4. Expenses are the monetary costs incurred in the process of running and operating a business to generate revenue.

Answer:

  • Creditors: Individuals or organizations that have rights to receive payments from a business
  • Liabilities: Claims against the assets of a business
  • Assets: Things of value owned by a business
  • Expenses: The costs of doing business