Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter29: Interest, Rent, And Profit
Section: Chapter Questions
Problem 11QP
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Question
Define the term Equity?
Expert Solution
Step 1
Equity is usually referred to as shareholder equity, or owners equity (for privately owned companies), which reflects the amount of money that will be returned to the shareholders of a corporation if all the assets were liquidated and all the company's debt are paid off.
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