Which of the following is an example of equity? a. Commercial paper b. Common stock c....

Which of the following is an example of equity?

a. Commercial paper

b. Common stock

c. Deferred tax

d. A contingent liability

Solutions

Expert Solution

Common stock is an example of equity.

Commercia paper is part of liability, Deferred tax is part of either liability or asset.

Contingent liability is not part of equity.

So answer is option b)

ekkarill92 answered 2 years ago

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