If a Company's Assets Exceed Its Liabilities,owners' Equity Is Negative

question 69

True/False

If a company's assets exceed its liabilities,owners' equity is negative.

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Definitions:

Minority

A group within a society that is distinct from the majority, often based on ethnic, racial, or socio-economic differences.

Dominant society

Refers to the social group within a culture that holds the majority of power and influence over norms, values, and customs.

First Nations People

Indigenous peoples in Canada who are neither Inuit nor Métis, historically and currently recognized as the original inhabitants of the land.