The difference between a company's assets and its liabilities, or 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 its equity. This represents the value that is left over for the owners of the company after all debts and obligations have been paid off. Net income, expense, revenue, and net loss all relate to the company's income and expenses, and do not account for its overall financial position.

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