Securities Include Both ________ and ________

question 207

Multiple Choice

Securities include both ________ and ________.

• A)stocks;mutual funds
• B)bonds;mutual funds
• C)real estate;stocks
• D)stocks;bonds
• E)bonds;money market funds

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Definitions:

Accounts

Records that summarize all the transactions related to a specific financial aspect, such as assets, liabilities, equity, expenses, and income.

Basic Accounting Equation

Assets = Liabilities + Owner’s equity.

Assets

Economic resources owned or controlled by an individual, company, or entity, expected to provide future benefits.

Liabilities

Financial obligations or debts owed by a business to external parties or creditors.