A Bank's Equity Appears in Its Liabilities Column Because, Ultimately

question 267

True/False

A bank's equity appears in its liabilities column because, ultimately, any gains are distributed to shareholders like a liability.

---

Definitions:

Percent

A mathematical term describing a part per hundred, used to express proportions or ratios.

Intestate

Describes a person who dies without a will.

Decedent

The deceased person.

Escheat

Property of a decedent goes to the state if not disposed of by a will and if the decedent has no heirs.