Assets - Liabilities = ________

question 69

Multiple Choice

Assets - Liabilities = ________.

• A) variable cost
• B) fixed cost
• C) liquidity
• D) business cost
• E) owner's equity

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Definitions:

Interest Expense

Costs incurred by an entity for borrowed funds, which are recognized on the income statement.

Fixed Asset

Long-term tangible assets, such as machinery and buildings, used in the operation of a business, not expected to be consumed or converted into cash in the short term.

Cash Flow Statement

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financing activities.

Investing Activities

Transactions and events related to the acquisition or disposal of long-term assets and investments not included in cash equivalents.