For Each Statement Provided, Choose the Letter of the Appropriate

Multiple Choice

For each statement provided, choose the letter of the appropriate term from the list that each statement best describes.Some terms may be used more than once, while others are not used at all.
-Claims of the creditors against the assets of a company.

A) Capital stock
B) Asset
C) Owners' equity
D) Time period
E) Dividends
F) Economic entity concept
G) Expense
H) Retained earnings
I) Cost principle
J) Creditor
K) Liability
L) Revenue
M) Going concern
N) Monetary unit
O) Corporation