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Liabilities and stockholders' equity are: O increases in assets resulting from profitable operations economic resources used by a business entity. O sources of financing for economic resources. O shown on the income statement in calculating net income.

Liabilities and stockholders' equity are: O increases in assets resulting from profitable operations economic resources used by a business entity. O sources of financing for economic resources. O shown on the income statement in calculating net income.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Liabilities and stockholders' equity are: O increases in assets resulting from profitable operations O economic resources used by a business entity. O sources of financing for economic resources. shown on the income statement in calculating net income.
Transcribed Image Text:Liabilities and stockholders' equity are: O increases in assets resulting from profitable operations O economic resources used by a business entity. O sources of financing for economic resources. shown on the income statement in calculating net income.
Expert Solution
Step 1

Economic resources refers to resources which are used to produce goods and services

So, Economic resources are Assets

Liabilities and Stockholders equity are source of finance for assets

 

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