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    Fundamental Accounting Principles Study Set 5
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    Exam 1: Accounting in Business
  5. Question
    The Difference Between a Company's Assets and Its Liabilities, or Net
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The Difference Between a Company's Assets and Its Liabilities, or Net

Question 156

Question 156

Multiple Choice

The difference between a company's assets and its liabilities, or net assets is:


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

Correct Answer:

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