Which of the following is correct with respect to the issue of owners' equity?
A)It is the amount of cash listed on the balance sheet.
B)It is the amount of money the owners would receive if they sold all a company's assets and paid all its liabilities.
C)If a company's assets exceed its liabilities,owners' equity equals $10 000 for each dollar of assets.
D)If a company's liabilities exceed its assets,owners' equity equals minus $10 000 for each dollar of liabilities.
E)All of these are correct.

Question

Quizplus · Accepted Answer

Owners' equity is the residual interest in the assets of a company after deducting liabilities, representing the amount owners would receive if all assets were sold and liabilities paid.

Which of the Following Is Correct with Respect to the Issue