Capital refers to items on the right-hand side of a firm's balance sheet.

Name: Capital refers to items on the right-hand side of a firm's balance sheet.
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Question

Quizplus · Accepted Answer

Capital is an accounting term that refers to the owner's equity or shareholders' equity on the right-hand side of a firm's balance sheet. Therefore, capital is correctly associated with the right-hand side of a firm's balance sheet, and the statement is true.

Capital Refers to Items on the Right-Hand Side of a Firm's