Question

Equity, by definition, is:
O
A. the difference between current value and amount owed.
O
B. the sum of current value and amount owed.
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c. the product of current value and amount owed.
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D. the quotient of current value and amount owed.
SUBMIT

Answer 1

Answer: A the difference between current value and amount owed.

Step-by-step explanation:

confirmed

Answer 2

Equity is defined as the difference between current value and amount owed and is denoted as option A.

What is Equity?

This refers to ownership of assets in which there is debt or liability attached to it.

This therefore translates to it being the difference between current value and amount owed from the debts.

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