Owners' equity is the dollar value that remains after the total liabilities of a business are subtracted from its total assets.

Name: Owners' equity is the dollar value that remains after the total liabilities of a business are subtracted from its total assets.
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Question

Quizplus · Accepted Answer

Owners' equity is the residual interest in the assets of an entity after deducting liabilities. It represents the value owned by the owners or shareholders of the business. Therefore, the statement is true.

Owners' Equity Is the Dollar Value That Remains After the Total