For a corporation, the excess of the assets over the liabilities is called:
A) paid- in capital
B) retained earnings
C) common stock
D) owners' equity

Name: For a corporation, the excess of the assets over the liabilities is called: A) paid- in capital B) retained earnings C) common stock D) owners' equity
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Question

Quizplus · Accepted Answer

Owners' equity represents the residual interest in the assets of the corporation after deducting liabilities, which is the excess of assets over liabilities.

For a Corporation, the Excess of the Assets Over the Liabilities