O O owners' equity. O profits. assets.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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41
Suppose that the First National Bank of America
has $4 million in deposits. These deposits are part
of the bank's
assets.
owners' equity.
profits.
government securities.
O liabilities.
Transcribed Image Text:Suppose that the First National Bank of America has $4 million in deposits. These deposits are part of the bank's assets. owners' equity. profits. government securities. O liabilities.
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