What is the difference between equity and liabilities?

Question

ObjectiveMcq · Accepted Answer

Equity represents the ownership interest in a company, while liabilities represent the debts of a company

ObjectiveMcq · Answer

Equity is the market value of a company's shares, while liabilities are the book value of a company's shares

ObjectiveMcq · Answer

Equity is the total assets of a company, while liabilities are the total debts of a company

ObjectiveMcq · Answer

Equity is the net income of a company, while liabilities are the total expenses of a company