Ask Question
27 June, 16:52

Which of the following is a correct statement of the accounting equation in economic terms? A. Economic resources = creditor financing - owner financingB. Economic resources = operating assets + financial assetsC. Creditor financing = investing + operatingD. Economic resources = creditor financing + owner financing

+2
Answers (1)
  1. 27 June, 18:39
    0
    D. Economic resources = creditor financing + owner financing

    Explanation:

    The economic resources in accounting are:

    the liablities; which represent the loans and credit term made by third parties (creditor financing) and equity which represent both, the actual nvestment and the retained earnings (owner financing)

    Both, are used to obtain an maintain the assets which arethe economic use of the resources.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is a correct statement of the accounting equation in economic terms? A. Economic resources = creditor financing - ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers