Which of the following is concerned with existing resources?

The correct answer focuses on the relationship between existing resources and financial reporting categories.

Financial position refers to the status of an organization's assets, liabilities, and equity at a specific point in time, providing insights into the resources currently available to the entity. It reflects the existing resources that the organization has, such as cash, inventory, and property.

On the other hand, economic condition pertains to the broader context of how well an organization or entity is positioned within the economy, often including factors such as market trends, economic stability, and external economic influences. This context can affect the existing resources of an organization, including how they are managed and utilized over time.

Both financial position and economic condition are interconnected regarding existing resources. Since financial position directly focuses on current assets and liabilities, while economic condition encompasses the implications of those resources within the broader economic environment, the selection validates that both aspects are indeed concerned with existing resources.