6-Assets are resources owned by business and provide future services or benefits to the business T or F 7- The economic resources that are owned by a business are called stockholderss equity T or F 8- Net income is another term of revenue T or F 9-The primary purpose of the statement of cash flows is to provide information about the cash receipts and cash payments of a company for a specific period of time T orF 10- The balance sheet reports assets and claims to those assets at specific point in time T or F