Which of the Following Statements Is Correct

question 10

Multiple Choice

Which of the following statements is correct?

• A) "Equity" is the original money invested in the business that belonged to the owners of the business.
• B) "Equity" is money that the business has used to grow - for example the original investment from owners or money from the sale of shares, and any loans made to the business
• C) "Equity" is the value of the business
• D) "Equity" is made up of not only the original investment in the business, but also any profits that were retained over the years.

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Definitions:

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A biological classification based on physical and genetic differences between organisms, typically categorized as male, female, or intersex.

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A form of payment previously used to gain entry to some subway systems, typically a small coin-like object exchanged for a single ride.