ACC 423 Practice 2.doc Solution Preview1.	Total stockholders' equity represents
A.	a claim to specific assets contributed by the owners.
B.	the maximum amount that can be borrowed by the enterprise.
C.	a claim against a portion of the total assets of an enterprise.
D.	only the amount of earnings that have been retained in the business.
Answer:C
ACC 423 Practice 2.doc Solution Preview1.	Total stockholders' equity represents
A.	a claim to specific assets contributed by the owners. B.	the maximum amount that can be borrowed by the enterprise. C.	a claim against a portion of the total assets of an enterprise. D.	only the amount of earnings that have been retained in the business.