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.
-The owners' claims on the assets of an entity.
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
Correct Answer:

Verified
Correct Answer:
Verified
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