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The difference between assets and liabilities is called:
Suggested Answer: A
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15 comments · newest first
AS
Ashley
1 month ago
Got it! I’ll stick with A then.
HE
Helaine
2 months ago
Exactly! Equity is the difference.
DE
Dell
2 months ago
B) Expense doesn’t fit here. It’s about ownership, not costs.
AS
Ashley
2 months ago
I’m not sure, but A sounds right. What about B?
HE
Helaine
2 months ago
Agreed! Equity shows ownership after liabilities.
DE
Dell
2 months ago
I think it's A) Equity. It makes sense!
FE
Fernanda
3 months ago
I thought it was something else, this is confusing!
DU
Dulce
3 months ago
A) Equity is correct, no doubt!
LE
Levi
3 months ago
Wait, are we sure about that?
LO
Louann
3 months ago
Totally agree, that's the right answer!
KA
Karon
3 months ago
It's definitely A) Equity!
DA
Darnell
3 months ago
I’m leaning towards equity too, but I keep mixing it up with income statements. I hope I remember it correctly!
RI
Rima
4 months ago
I’m not entirely confident, but I remember that expenses and revenue are different concepts. Could equity really be the answer?
FR
Frank
4 months ago
I feel like I’ve seen a question like this before, and I think equity is definitely the right answer.
MA
Marlon
4 months ago
I think the difference between assets and liabilities is equity, but I'm not completely sure. I remember something about it from my notes.