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Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
What is owners equity equation?
Answer
Owners’ equity = Contributed capital + Retained earnings

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
What is owners equity equation?
Answer
?

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
What is owners equity equation?
Answer
Owners’ equity = Contributed capital + Retained earnings
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3.2. Accounting Equations
entity, but the equation remains the same. 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)  <span>Owners’ equity = Contributed capital + Retained earnings The income statement presents the performance of a business for a specific period of time. The equation reflected in the income statement is the following: E

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