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Assets minus liabilities equals: net income. gross margin. owners' equity. cash reserves.
Assets minus liabilities equals owners' equity.
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sipichapie|Points 3687|
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Asked 4/7/2012 5:54:02 AM
Updated 3/15/2018 2:32:34 AM
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This answer has been confirmed as correct and helpful.
Edited by Masamune [3/15/2018 2:32:32 AM], Confirmed by Masamune [3/15/2018 2:32:34 AM]
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22. _______ refers to the value that stockholders or owners have in a company. (Points : 3) Assets. Liabilities. Owners' equity. Contra receivables
Question
Updated 9/24/2014 12:58:36 PM
1 Answer/Comment

Owners' equity refers to the value that stockholders or owners have in a company.

Added 9/24/2014 12:58:36 PM
This answer has been confirmed as correct and helpful.
Financial managers are responsible for buying merchandise on credit and collecting payment from accounts receivable. True False
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