In your Financial Accounting class, you will learn which specific accounts are considered to be assets, liabilities,

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Question:

In your Financial Accounting class, you will learn which specific accounts are considered to be "assets," "liabilities," or "owner's equity." However, from our conversations during our Finance lectures and our Accounting lectures, we already know that loans from a bank would be classified as what?

Owner's Equity

Shareholder's Equity

Assets Liabilities

Payment Bonds