assets - answer economic resources that are
owned or controlled by a company
liabilities - answer the economic obligations
of a company, composed primarily of the
money or services that the company owes to
its creditors
owner's equity - answer the residual interest
in the assets that remain of an entity after its
liabilities have been deducted
stockholders - answer those who own a
corporation by owning shares of stock in that
corporation: also called shareholders
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