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Assets are
: financed by the owner and/or creditors
: the same as expenses because they are acquired with cash
: equal to liabilities less owner's equity
: always lower than liabilities
Solution
Assets are financed by the owner and/ or creditors because the assets are either purchased by the
amount introduced by owner or financed on credit or taking loans fromn other parties also
known as creditors

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Assets are financed by the owner andor creditors the same as .pdf

  • 1. Assets are : financed by the owner and/or creditors : the same as expenses because they are acquired with cash : equal to liabilities less owner's equity : always lower than liabilities Solution Assets are financed by the owner and/ or creditors because the assets are either purchased by the amount introduced by owner or financed on credit or taking loans fromn other parties also known as creditors