Question: Match the terms ( identified as a through g ) with the definitions and phrases. For example the term a . Assets matches with definition,
Match the terms identified as a through g with the definitions and phrases. For example the term a Assets matches with definition, "Economic resources that will be used by a business to produce revenue."
Term Definitions and Phrases
a Assets Economic resources that will be used by a business to produce revenue.
b Common Stock
c Creditors Individuals or institutions that have loaned goods or services to a business.
d Liability An obligation to pay cash in the future.
e Retained Earnings Assets Liabilities Common Stock.
f Stockholders Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business.
g Stockholders Equity Common Stock Retained Earnings.
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