Which statement about "equity" is not correct?
A)Equity is the ownership interest in the company.
B)Equity is the residual interest in the company.
C)It is not necessary to provide information about the equity.
D)Equity is the difference between assets and liabilities.

Question

Quizplus · Accepted Answer

It is necessary to provide information about the equity, as it represents the portion of a company's assets that belongs to shareholders.

Which Statement About "Equity" Is Not Correct