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  3. Study Set
    Accounting Principles
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    Exam 1: Accounting in Action
  5. Question
    The Residual Claim on Total Assets of a Business Is
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The Residual Claim on Total Assets of a Business Is

Question 38

Question 38

Short Answer

The residual claim on total assets of a business is known as ________________ and is equal to total assets minus total liabilities.

Correct Answer:

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