The entire book value of the residual ownership of a corporation is known as the:
A)total equity.
B)intangible assets.
C)retained earnings.
D)capital surplus.
E)total assets.

Question

Quizplus · Accepted Answer

Total equity represents the residual ownership value of a corporation after all liabilities are paid off, including both tangible and intangible assets. It includes common stock, retained earnings, and other equity accounts.

The Entire Book Value of the Residual Ownership of a Corporation