Stockholder's Equity: Definition & Formula - Quiz & Worksheet


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question 1 of 3

The difference between a corporation's assets and liabilities is called _____.

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1. A corporation reports $3 million in stockholders' equity and $2 million in liabilities. Using the stockholders' equity formula, assets are what?

2. The difference between what a company owns and what is owes is called _____.

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About This Quiz & Worksheet

This quiz and attached worksheet will help gauge your understanding of stockholder's equity formula. Topics you will need to know to pass the quiz include assets and liabilities.

Quiz & Worksheet Goals

Use these assessment tools to measure your knowledge of:

  • Difference between a corporation's assets and liabilities
  • Calculating assets
  • Difference between what a company owns and what it owes
  • Earnings a company keeps for itself
  • Calculating liabilities

Skills practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related stockholder's equity formula lesson
  • Critical thinking - apply relevant concepts to examine information about liabilities in a different light
  • Interpreting information - verify that you can read information regarding assets and interpret it correctly

Additional Learning

To learn more about stockholder's equity formula, review the lesson Stockholder's Equity: Definition & Formula which covers the following objectives:

  • Define balance sheet and net worth statement
  • Understanding assets, liabilities and stockholder's equity