SIE Exam Practice Question 193
Question: 193
_________ represents the resources of a company.
Correct Answer: A
Explanation:
Assets represent the resources of a company. A liability is an obligation, financial or otherwise, that the company owes to a person or business entity. Equity represents the amount of stockholders' capital that has been invested in a firm. Cash flow is the amount of cash moving into and out of a company.
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