Give typing answer with explanation and conclusion  1. ________ are items owed to a creditor. ________ are items owned by a company. ________ represents owners' claims to company resources.   Expenses; Revenues; Net income   Expenses; Revenues; Stockholders��� equity   Liabilities; Assets; Stockholders' equity   Liabilities; Assets; Net income

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 4MC: The balance sheet lists which of the following? A. assets, liabilities, and owners equity B....
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Give typing answer with explanation and conclusion 

1. ________ are items owed to a creditor. ________ are items owned by a company. ________ represents owners' claims to company resources.

 

Expenses; Revenues; Net income

 

Expenses; Revenues; Stockholders��� equity

 

Liabilities; Assets; Stockholders' equity

 

Liabilities; Assets; Net income

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