Accounts That Make Up Owners' Equity May Include

question 71

Multiple Choice

Accounts that make up owners' equity may include:

• A) preference shares.
• B) debentures.
• C) general reserves.
• D) preference shares and general reserves.

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Definitions:

Potential Obligation

This term refers to a possible future liability that might arise as a result of past events or transactions, dependent on certain occurrences.