Match the following terms to their definitions.
-Owners' equity.
A) The difference between total assets and total liabilities
B) Sum of creditors, accrued liabilities and tax owed
C) The value of the company's worth
D) The amount a company owes to other entities

Question

Quizplus · Accepted Answer

Owners' equity refers to the difference between a company's total assets and total liabilities, also known as the net worth of the company.

Answer: D
 Amount owed to other entities is referred to as liabilities, not owners' equity.

Match the Following Terms to Their Definitions