Which of the following elements represents a residual claim? A. Asset. B. Liability. C. Owners equity.
Question:
Which of the following elements represents a residual claim?
A. Asset.
B. Liability.
C. Owners’ equity.
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Step by Step Answer:
The correct answer is C Owners equity This is because owners equity ...View the full answer
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Related Book For 
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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