12:19 SmartBook Chapter 12 Question Completion Status: False QUESTION 12 10 points Save Answer Balance Sheet Wrap up: Match each of the follwoing terms with their descriptions Total Liabilities A. Short and long term interest bearing Total Shareholders' accounts (Notes Equity Payable + Long term debt in this class) Total Assets B. represent resources Total Debt used by the firm and the sum of shareholders' equity and total liabilities (what the firm has) C. refers to the difference in the value of the firm's assets and liabilities (what the form owns) D. represent the total amount owed to creditors (what the firm owes) QUESTION 13 10 points Save Answer Moving on in this chapter, next Read Section 3-3 The Income Statement. This statement informs the firm about their profitability over a period of time. Start by exploring the Income Statement in Table 3.2 of your Book. Put the followina variables in order from the too(1) to the Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Save and Submit