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Result of past transactions or events

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Match the following terms with the appropriate component of the accounting equation:

(1) Assets 

(2) Liabilities 

(3) Stockholders  Equity

A. The probable future sacrifices of economic benefits arising from the present obligations of a company to transfer assets or provide services in the future as a result of past transactions or events.

B. The residual interest in the assets of a company that remains after deducting its liabilities. 

C. The probable future economic benefits obtained or controlled by a company as a result of past transactions or events

Reference no: EM13874916

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