Question

Another term frequently used to describe owners' equity is:?

a. net assets.
b. gross assets.
c. paid-in capital.
d. capital stock.

Answer 1

Owners' equity is another term frequently used to describe net assets in a company's balance sheet.

Step-by-step explanation:

Owners' equity is another term frequently used to describe net assets in a company's balance sheet. It represents the residual interest in the assets of a company after deducting liabilities. Other terms such as paid-in capital and capital stock are also used to describe owners' equity in certain contexts.