Respectively, ___ are resources that an organization owns; ___ is/are debts that an organization owes; and ___ is/are amounts that owners have contributed and what the entity has earned for them.
A) assets; liabilities; revenues
B) assets; liabilities; stockholders' equity
C) assets; stockholders' equity; liabilities
D) revenues; liabilities; expenses
E) revenues; liabilities; stockholders' equity

Question

Quizplus · Accepted Answer

Assets are resources owned by a company, liabilities are debts owed, and stockholders' equity represents the owners' claims on the business, including what they've contributed and the earnings retained in the business.

Respectively, ___ Are Resources That an Organization Owns; ___ Is/are

Respectively, _ Are Resources That an Organization Owns; _ Is/are