Under French rules, equity (capitaux propres) includes
Under French rules, equity (capitaux propres) includes: (choose 3)
A. Share capital (capital social)
B. Reserves (réserves)
C. Retained earnings (bénéfices reportés)
D. Bank loans
Answer: A, B, C
Explanation: Equity (Capitaux propres) consists of share capital (initial investment by shareholders), reserves (set aside from profits for specific purposes), and retained earnings (profits not distributed as dividends). Bank loans are liabilities, not equity, as they represent debts owed to lenders.
