Why are owners equity and liabilities considered the sources of assets?

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Why are owners’ equity and liabilities considered the “sources” of assets?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 03:14 AM

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Why are owners equity and liabilities considered the sources of assets?

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Accounting concepts and applications

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