Any contract that is evidence of a residual interest in an entity's assets is called a(n)
A) debt security.
B) liability.
C) derivative.
D) equity security.

Name: Any contract that is evidence of a residual interest in an entity's assets is called a(n) A) debt security. B) liability. C) derivative. D) equity security.
Brand: Quizplus
Rating: 4.9 (29 reviews)

Question

Quizplus · Accepted Answer

Equity securities represent ownership in a company and provide residual interest in its assets after all debts and liabilities have been paid off.

Any Contract That Is Evidence of a Residual Interest in an Entity's