Assets are the economic resources of
the business that can be usefully expressed in monetary terms. Liabilities, or
creditors, equity, are the obligations, or debts, that the firm must pay in
money or services at some time in the future. They therefore represent
creditor's claims on the assets of the firm. The owner's interest is equal to
the net assets of the business, which is defined as the difference between the
assets and liabilities. Thus, owner's equity is the residual claim--a claim to
the assets remaining after the debt to creditors has been
discharged.
单选题
Assets and liabilities of a firm are both shown on the firm's balance sheet.
【正确答案】
A
【答案解析】从段落开始对Assets, Liabilities, equity的介绍中可以推导出。
单选题
The equity amount of a balance sheet is the creditor's claims on the firm.
【正确答案】
B
【答案解析】段落中第二句指出Liabilities, or creditors, equity…They therefore represent creditor's claims on the assets of the film，指的是Liabilities而非equity。
单选题
Expenses of a firm should be shown on the firms' income statement.