The difference between a company's assets and its liabilities, or its net assets, is:
A)Net income.
B)Expense.
C)Equity.
D)Revenue.
E)Net loss.

Question

Quizplus · Accepted Answer

The difference between a company's assets and its liabilities is known as equity, which represents the net worth of the company. It is also referred to as shareholders' equity or owner's equity. This is because it represents the amount of money that would be left for the owners of the company if all the assets were sold and all the liabilities were paid off. Net income, revenue, and net loss are all related to the company's income statement, while expenses are the costs that the company incurs in producing its goods or services.

The Difference Between a Company's Assets and Its Liabilities, or Its