Answer:
c. a claim against a portion of the total assets of an enterprise
Explanation:
As we know that the balance sheet comprises three components which includes total assets, total liabilities and shareholder equity.
And the statement of stockholder's equity comprises common stock and retained earnings.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Both the debit and credit side of the balance sheet should be equal and balanced.
So, by the above explanations the option c is correct.
