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8 November, 20:13

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

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  1. 8 November, 20:33
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    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.
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Home » Business » 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.
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