Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

LOUISIANA STATE FFA FARM BUSINI
CAREER DEVELOPMENT
2022-23
Part I - Short Multiple-Choic
(100 Total Possible Poin
elect Best Answer Only
1. An obligation to pay, such as a loan or account payable
a.
Debit
b. Direct cost
C.
Debt
d. Equity

Sagot :

GinnyAnswer

Final answer:

Debt is an obligation to repay, while equity represents ownership shares without the same repayment obligations.


Explanation:

Debt is an obligation to repay, such as a loan or account payable. It involves a contract between a lender and a borrower for the repayment of principal and interest in the future. On the other hand, equity represents ownership shares in assets without the same repayment obligations as debt.


Learn more about Debt and Equity here:

https://brainly.com/question/45057888


Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.