Answered: he economic resources that a business…

he economic resources that a business owns and expects to be useful to deliver its purpose are known as: Group of answer choices Owners' Equity Cash and cash equivalents Assets Liabilities

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 5Q: Explain the concept of equity, and identify some activities that affect equity of a business.

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Question

The economic resources that a business owns and expects to be useful to deliver its purpose are known as:

Group of answer choices

Owners' Equity

Cash and cash equivalents

Assets

Liabilities

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