Which of the following is correct with respect to the issue of owners' equity?
It is the amount of cash listed on the balance sheet.
It is the amount of money the owners would receive if they sold all of a company's assets and paid all of its liabilities.
If a company's assets exceed its liabilities, owners' equity equals $10 000 for each dollar of assets.
If a company's liabilities exceed its assets, owners' equity equals minus $10 000 for each dollar of liabilities.
All of these are correct.

Question

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The Answer of Which of the following is correct with respect to the issue of owners' equity?
It is the amount of cash listed on the balance sheet.
It is the amount of money the owners would receive if they sold all of a company's assets and paid all of its liabilities.
If a company's assets exceed its liabilities, owners' equity equals $10 000 for each dollar of assets.
If a company's liabilities exceed its assets, owners' equity equals minus $10 000 for each dollar of liabilities.
All of these are correct.

Which of the Following Is Correct with Respect to the Issue