Match the terms (identified as a through g) with the definitions and phrases (marked 1 through 7). For example the term “a. Assets” matches with definition 7. Economic resources that will be used by a business to produce revenue.
a. Assets
b. Common Stock
c. Creditors
d. Liability
e. Retained Earnings
f. Stockholders
g. Stockholders’ Equity

1. Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business.
2. Common Stock + Retained Earnings.
3. Certificates that evidence ownership in a company.
4. Assets – Liabilities – Common Stock.
5. An obligation to pay cash in the future.
6. Individuals or institutions that have loaned goods or services to a business.
7. Economic resources that will be used by a business to produce revenue.