The difference between total assets of a firm and its total liabilities is called
A)net working capital.
B)net current assets.
C)net worth.
D)net liabilities.

Question

Quizplus · Accepted Answer

The difference between total assets of a firm and its total liabilities is called net worth. This represents the owner's equity in the company, indicating the value that would be returned to shareholders if all the assets were liquidated and all the company's debts were paid off.

The Difference Between Total Assets of a Firm and Its