There are [...] potential components that comprise the owner's equity section of the balance sheet
Answer
5
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#reading-26-understanding-balance-sheets
Question
There are [...] potential components that comprise the owner's equity section of the balance sheet
Answer
?
Tags
#reading-26-understanding-balance-sheets
Question
There are [...] potential components that comprise the owner's equity section of the balance sheet
Answer
5
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Equity
Equity is a residual value of assets which the owner has claim to after satisfying other claims on the assets (liabilities). There are five potential components that comprise the owner's equity section of the balance sheet:
Contributed capital. The amount of money which has been invested in the business by the owners. This includes preferred stocks and common stocks. Common stock is recorded a
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