Another Name for Equity Is

question 35

Multiple Choice

Another name for equity is:

• A) Net income.
• B) Expenses.
• C) Net assets.
• D) Revenue.
• E) Net loss.

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Definitions:

Liability

The state of being responsible for something, especially in terms of legal or financial obligations.

Creditors

Individuals or institutions to whom money is owed.

Cohesion

The tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members.

Social Class

A system of hierarchical social categories often determined by factors such as wealth, occupation, and education, which influence individuals' opportunities and life experiences.