The owners' claims to the assets of the business are called:
A) revenues.
B) liabilities.
C) expenses.
D) owners' equity.
Correct Answer:
Verified
Q36: GAAP refer to the set of accounting
Q43: Which of the following concepts (or principles)would
Q44: The assets and liabilities of Matt Wesley
Q45: Caleb Brown has been the sole owner
Q46: Which of the following concepts (or principles)would
Q47: Recognising an expense as an asset in
Q50: Which of the following concepts (or principles)require
Q51: Bill Rogers has three different businesses. He
Q52: The conservatism principle requires accountants to record
Q53: Android Electronics received an order for 50
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents