Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Equity
A)Net assets.
B)Transfers of resources in exchange for common and preferred stock.
C)Claims of creditors against the assets of a business.
D)Outflows of resources to generate revenues.
E)Cash dividends.

Question

Quizplus · Accepted Answer

Equity is often represented by net assets, which is the residual interest in the assets of an entity after deducting liabilities.

Listed Below Are Five Terms Followed by a List of Phrases