Creditors' claims on the assets of a company are called: Multiple Choice Net losses Expenses. Revenues. Equity Liabilities The description of the relation between a company's assets, liabilities, and equity, which is expressed as Assets Liabilities Equity, is known as the: Multiple Choice Income statement equation Accounting equation. Business equation. Return on equity ratio. Net income Distributions of cash or other resources by a business to its stockholders: Multiple Choice Reduce assets and equity. Increase assets and equity. Reduce assets and equity (via net income) Reduce retained earnings. Reduce contributed capital