The ownership claim on total assetsA) accounts payableB) assetsC) corporationD) costE) economic entity assumptionF) liabilitiesG) market valueH) monetary unit assumptionI) note payableJ) (paid-in) capitalK) partnershipL) proprietorshipM) retained earningsN) stockholders' equity

Question

​The ownership claim on total assetsA) accounts payableB) ​assetsC) ​corporationD) ​costE) ​economic entity assumptionF) ​liabilitiesG) ​market valueH) ​monetary unit assumptionI) ​note payableJ) ​(paid-in) capitalK) ​partnershipL) ​proprietorshipM) ​retained earningsN) stockholders' equity

Ms. Saima Dawar · Accepted Answer

Final Answer : N, Explanation :  Stockholders' equity represents the ownership claim on a corporation's total assets. It is the amount of money that would be returned to shareholders if all of the company's assets were liquidated and all its debts were paid off.

The ownership claim on total assets

A) accounts payable
B) assets
C) corporation
D) cost
E) economic entity assumption
F) liabilities
G) market value
H) monetary unit assumption
I) note payable
J) (paid-in) capital
K) partnership
L) proprietorship
M) retained earnings
N) stockholders' equity

Definitions

Learning Objectives

Learning Objectives

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