3 Canvas A 02:29:43 Time Remaining > 1 3 points What do we call the result obtained when expenses are greater than revenues? Net Income (Profit). 0 0 Net Risk OOOO Net Loss. 1 Net Value. 2 2 3 3 points Liabilities are: Economic resources owned by a business that provide a future benefit for the business. Earnings retained in the business. 4 Stockholders' claims to assets. Amounts owed to creditors (.e., vendors, banks, etc.). 5 6 3 3 points Stockholders' Equity consists of which of the following? Retained earnings and total paid-in capital. Retained earnings and creditors' claims on assets. 7 OOOO 8 Retained earnings and cash. Cash and long-term assets. 9. 4 10 3 points GAAP is the acronym for Co A