The difference between debt and equity is that: (a) debt is what the organisation owes its shareholders

Question:

The difference between debt and equity is that:

(a) debt is what the organisation owes its shareholders and equity is what it owes government

(b) debt is what the organisation owes its lenders and equity is what it owes government

(c) debt is what the organisation owes its lenders and equity is what it owes shareholders

(d) debt is what the organisation owes its shareholders and equity is what it owes lenders

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780273703600

4th Edition

Authors: Anne Britton, Chris Waterston

Question Posted: