Owners’ equity at a given date can be further classified by its origin: capital contributed by owners, and earnings retained in the business up to that date
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3.2. Accounting Equations are used to denote owners’ equity, including shareholders’ equity, stockholders’ equity, net assets, equity, net worth, net book value, and partners’ capital. The exact titles depend upon the type of entity, but the equation remains the same. <span>Owners’ equity at a given date can be further classified by its origin: capital contributed by owners, and earnings retained in the business up to that date:4
Equation (2)
Owners’ equity = Contributed capital + Retained earnings
The income statement presents the performance of a business for a speci
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