1902EconomicsMedium
Beyond any mortgage thereon and liability therein, the residual value of a business or property is called equity. Which of the following are also included by term equity?
AFunds provided to a business by the sale of stock
BBoth of them
CNone of them
DThe market value of securities less any debt incurred and common stock and preferred stock
Correct answer
B. Both of them
Explanation
The correct answer is Both of them.