The Difference Between a Company's Assets and Its Liabilities Is

question 179

Multiple Choice

The difference between a company's assets and its liabilities is:

• A)Net income
• B)Expense
• C)Equity
• D)Revenue
• E)Net loss

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Definitions:

Subsidies

Financial assistance provided by the government to businesses or individuals, often to support industries or activities considered beneficial.

Federal Government

The central government of a country, which holds the primary authority over its subdivisions and is responsible for national policies.

Crop Insurance Programs

Government or private sector initiatives designed to protect farmers against losses due to natural disasters, pests, or drops in market prices.

Agricultural Risk Coverage

A form of crop insurance that pays out if the total revenue generated by all the farmers planting a given crop in a given county falls below a predetermined value.