Question: Match the following terms with the appropriate component of the

Match the following terms with the appropriate component of the accounting equation:
(1) Assets
(2) Liabilities
(3) Stockholders’ Equity
A. The probable future sacrifices of economic benefits arising from the present obligations of a company to transfer assets or provide services in the future as a result of past transactions or events.
B. The residual interest in the assets of a company that remains after deducting its liabilities.
C. The probable future economic benefits obtained or controlled by a company as a result of past transactions or events


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  • CreatedDecember 09, 2013
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