_______ refers to the value that stockholders or owners have in a company.
A) Assets
B) Liabilities
C) Owners' equity
D) Contra receivables

Question

Quizplus · Accepted Answer

Owners' equity is the residual interest in the assets of the company after deducting liabilities. It represents the value that the owners or shareholders have in the company. Assets refer to the resources owned by the company that generate future economic benefits, liabilities refer to obligations that the company owes to others, and contra receivables are specific accounts to offset receivables.

_______ Refers to the Value That Stockholders or Owners Have