When companies owe money to creditors, suppliers, and others, these outstanding amounts are recorded on the balance

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When companies owe money to creditors, suppliers, and others, these outstanding amounts are recorded on the balance sheet as When companies owe money to creditors, suppliers, and others, these outstanding amounts are recorded on the balance sheet as contra-assets. liabilities. expenses. owners' equity

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When companies owe money to creditors, suppliers, and others, these outstanding amounts are recorded on the balance

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