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  3. a contract with a residual interest in the assets

A contract with a residual interest in the assets of an entity after deducting all...

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Question

Accounting

A contract with a residual interest in the assets of an entity after deducting all of its liabilities is referred to as a (an):

a.

Derivative instrument

b.

Primary instrument

c.

Equity instrument

d.

Secondary instrument

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