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Balance Sheet Wrap up: Match each of the follwoing terms with their descriptions Total Liabilities A. refers to the difference in the value of Total Shareholders' Equity the firm's assets and liabilities (what the firm owns) Total Assets B. Short and long term interest bearing Total Debt accounts (Notes Payable + Long term debt in this class) C. represent resources used by the firm and the sum of shareholders' equity and total liabilities (what the firm has) D. represent the total amount owed to creditors (what the firm owes)