Assets That Last Longer Than One Year Are Called Plant

question 51

True/False

Assets that last longer than one year are called plant and equipment.

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Definitions:

Stockholders' Equity

Stockholders' Equity is the residual interest in the assets of a corporation after deducting liabilities, essentially what is "owned" by the shareholders.

Investments By Stockholders

Money or other assets that shareholders put into a company to acquire ownership interests.

Stockholders' Equity

Represents the residual interest in the assets of a corporation after deducting liabilities.

Treasury Stock

Shares that were once outstanding in the stock market but were bought back by the issuing company.