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This is the residual interest in the economic resources of a company that remains after deducting economic obligations:                                                                                                                  Productive resources  3.  Net income  Owners’ interest          4.    Net cash balance

This is the residual interest in the economic resources of a company that remains after deducting economic obligations:                                                                                                                  Productive resources  3.  Net income  Owners’ interest          4.    Net cash balance

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC: A loss from the sale of a component of a business enterprise is reported separately as a component...
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This is the residual interest in the economic resources of a company that remains after deducting economic obligations:                                                                                                                 

    1. Productive resources  3.  Net income 
    2. Owners’ interest          4.    Net cash balance
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