If total liabilities were subtracted from total assets,the residual value would be:
A)revenues.
B)current assets.
C)current expenses.
D)owners' equity.

Question

Quizplus · Accepted Answer

The residual value of subtracting total liabilities from total assets is the owners' equity, which represents the assets that belong to the owners of the business after all liabilities have been paid off. Owners' equity can also be calculated by adding up the invested capital and the accumulated retained earnings of the business.

If Total Liabilities Were Subtracted from Total Assets,the Residual Value