The difference between a company's assets and its liabilities 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 called equity. This represents the value of the company that belongs to the owners or shareholders. Net income, revenue, and net loss all involve income and expenses and are not directly related to the difference between assets and liabilities.

The Difference Between a Company's Assets and Its Liabilities Is