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Outsider's claim against the assets of the business is called
- ALiability
- BExpense
- CIncome
- DCapital
Correct answer: A
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Liability
Outsider's claim against the assets of the business is called Liability. Liabilities are defined as a company's legal financial debts or obligations that arise during the course of business operations.
Outsider's claim against the assets of the business is called Liability. Liabilities are defined as a company's legal financial debts or obligations that arise during the course of business operations.