In a balance sheet, the difference between assets and liabilities is called ________.
A) Owner's equity
B) debt
C) Cash flow
D) Profit
E) Income

Name: In a balance sheet, the difference between assets and liabilities is called ________. A) Owner's equity B) debt C) Cash flow D) Profit E) Income
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Quizplus · Accepted Answer

The difference between assets and liabilities is called Owner's equity. This represents the portion of the company that is owned by shareholders or investors.

In a Balance Sheet, the Difference Between Assets and Liabilities