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    Fundamental Accounting Principles Study Set 7
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    Exam 1: Accounting in Business
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    The Difference Between a Company's Assets and Its Liabilities, or the Residual
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The Difference Between a Company's Assets and Its Liabilities, or the Residual

Question 212

Question 212

Multiple Choice

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:


A) Net loss.
B) Net income.
C) Shares.
D) Equity.
E) Revenue.

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