Equity can be described as claims ofGroup of answer choicescreditors on total assets.owners on total assets.customers on total assets.auditors on total assets.
Question
Solution 1
Equity can be described as claims of owners on total assets.
Here's why:
- Equity, in financial terms, refers to the ownership interest in a company. It represents the residual interest in the assets of an entity after deducting liabilities. In other words, equity represents the value of an asse Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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