Question: Regarding your answer to 4. above, select the appropriate answer. By law, shareholders are entitled to

• Question: Regarding your answer to 4. above, select the appropriate answer.\\nBy law, shareholders are entitled to receive the amount in Retained Earnings of $88,763.\\nTotal equity is a residual balance; shareholders will receive what remains in cash and assets after the creditors have been satisfied.\\nShareholders are entitled to receive the total equity because

  Regarding your answer to 4. above, select the appropriate answer.\\nBy law, shareholders are entitled to receive the amount in Retained Earnings of $88,763.\\nTotal equity is a residual balance; shareholders will receive what remains in cash and assets after the creditors have been satisfied.\\nShareholders are entitled to receive the total equity because that amount represents the residual interest to shareholders.\\nWalmart shareholders are guaranteed to receive $80,925 and those with a noncontrolling interest are entitled to receive $6,606.

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ANSWER The correct answer is Total equity is a residual balance shareholders will receive what remai... View the full answer