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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 4: The Balance Sheet and the Statement of Shareholders Equity
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    The Residual Interest in a Company's Assets After Deducting Liabilities
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The Residual Interest in a Company's Assets After Deducting Liabilities

Question 21

Question 21

Multiple Choice

The residual interest in a company's assets after deducting liabilities is


A) net income.
B) equity.
C) noncontrolling interest
D) earned capital

Correct Answer:

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