The difference between total assets and total liabilities shown on a statement of financial position gives shareholders' equity.

Name: The difference between total assets and total liabilities shown on a statement of financial position gives shareholders' equity.
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Question

Quizplus · Accepted Answer

Shareholders' equity represents the residual interest in the assets of a company after deducting liabilities, which is calculated as total assets minus total liabilities.

The Difference Between Total Assets and Total Liabilities Shown on a Statement