What is the difference called if the assets exceed the liabilities?
For business class
- BLv 71 month ago
assets always equal liabilities plus owners equity. therefore when the assets exceed liabilities there are retained earnings.
- olliverLv 61 month ago
The accounting equation is
Assets = Liabilities + Equity
If assets exceed liabilities Equity is positive.
- 1 month ago
PROFIT ??? ------------
- Anonymous1 month ago
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- BillybeanLv 71 month ago
It's called "should have listened in class"
- HenryLv 41 month ago
That depends on whether they are looking for income or wealth.