Your older brother, who is an accountant, tells you that a company's Assets are resources that are owned by the business; whereas, Liabilities are the creditors' claims on the company's total assets. What do you think? O True O False This is a required question When you borrow money from a bank, the bank becomes the creditor or lender and the company is the owner or borrower. Based on this, we can say that "Liabilities are the owner's claim on a company's total assets". O True O False