Assets are A. the same as expenses because they are acquired with cash B. financed by the stockholders and/or creditors C. equal to liabilities less stockholders' equity D. always lower than liabilities

Assets are A. the same as expenses because they are acquired with cash B. financed by the stockholders and/or creditors C. equal to liabilities less stockholders' equity D. always lower than liabilities

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 4MC

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Question

Assets are

A. the same as expenses because they are acquired with cash

B. financed by the stockholders and/or creditors

C. equal to liabilities less stockholders' equity

D. always lower than liabilities

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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