Which of the Following Refers to the Claims That Stockholders

question 16

Multiple Choice

Which of the following refers to the claims that stockholders have against their firm's assets?

• A)Loans payable
• B)Owners' equity
• C)Liabilities
• D)Explicit costs

---

Definitions:

Economic Events

Transactions and occurrences that affect the financial position of an organization, which can be measured and recorded.

Internal Users

Individuals within an organization, such as management and employees, who use financial and other company information for decision-making purposes.

Accounting Data

Information related to financial transactions and events which are used in the preparation of financial statements.

Public Accountants

Professionals who provide accounting services to various clients, including individuals, businesses, and government entities.