Answered: The resources owned by a business are…

The resources owned by a business are called:A. assets.B. liabilities.C. the accounting equation.D. stockholders’ equity.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 9Q: What is the accounting equation? List two examples of business transactions, and explain how the...

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Question

The resources owned by a business are called:
A. assets.
B. liabilities.
C. the accounting equation.
D. stockholders’ equity.

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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