Py < Assets ENG | T Stockholders" equity I Py & Liabilities. EN —w —

: Expenses J Bs - A=L+ SE AL Mi ey N | BRE + NI-D=ER S t EN A ,% R-E=NI A ENEN > The debts and obligations of a business, Liabilities represent the amount owed to creditors, A The increase in assets that result from the sale of a product or service in the normal] course of business, A ___ 4 SP & Resources owned by a business A The wie Ne on total atts EN A= Assets L = Liabilities ] SE = Stockholders" equity > Ad : The cost of assets consumed or services used in the process of generating revenues, R= Revenues E = Expenses Ni = Net Income Ad “4 BRE = Beginning Retained Earnings NI =Net- Income: D= Dividends: ERE:= Ending Retained|Earnings |