Why is the term residual claimant applied to a shareholder (owner) of a business?

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Financial Management Core Concepts

ISBN: 978-0133866698

3rd edition

Authors: Raymond M Brooks

Question Posted: Oct 31, 2017 08:14 AM

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Why is the term residual claimant applied to a shareholder (owner) of a business?

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The term residual claimant is applied to a shareholder because the ...View the full answer

Financial Management Core Concepts

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