Items of value owned by a firm are called Blank______.Multiple choice question.expensesassetsliabilitiesrevenue

Multiple Choice QuestionEconomic resources owned by a firm are called Blank______.Multiple choice question.creditsendowmentsassetsgoods

The debt a firm owes to others is called a(n) Blank______.Multiple choice question.assetrevenueliabilityexpense

Costs such as rent, salaries, utilities, and insurance are known as Blank______.Multiple choice question.equityvariable costsaccounts receivableoperating expenses

Multiple Choice QuestionMoney that a business obtains from its owners is called Blank______.Multiple choice question.dividendscapital gainsinterestequity capital

Multiple Choice QuestionThe value of what stockholders own in a firm minus any liabilities is called ______.Multiple choice question.operating incomeowners' equitydeferred incomeretained earnings