The difference between a company's assets and its liabilities,or the residual interest in the assets of an entity that remains after deducting its liabilities,is called:

Question

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The difference between a company's assets and its liabilities is called equity. This represents the residual interest in the assets of an entity that remains after deducting its liabilities. Therefore, option C, equity, is the best choice.

The Difference Between a Company's Assets and Its Liabilities,or the Residual