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Which of the following would be an example of a contra-asset?
Shareholders' Equity
The residual interest in the assets of a corporation after subtracting liabilities, representing the ownership interest of shareholders.
Liabilities
Obligations a company owes to external parties, which can include loans, accounts payable, mortgages, and other debts due.
Assets
Resources owned by a company or individual that have economic value and can be used to meet debts or commitments.
Retained Earnings
The portion of a company's profits that is kept or retained and not distributed as dividends to shareholders, used for reinvestment in the business or to pay debt.
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