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
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
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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