UNDERSTANDING BUSINESS ACCESS CARD
UNDERSTANDING BUSINESS ACCESS CARD
11th Edition
ISBN: 9781259784835
Author: Nickels
Publisher: MCG CUSTOM
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Chapter 17.4, Problem 12TP
Summary Introduction

To discuss: The meaning of owner’s equity and the way its amount is determined in the balance sheet.

Introduction: Balance sheet is a financial statement where the sources of funds and application of funds are mentioned on either side.

Owner’s equity or equity shareholder’s funds refer to the value that owners hold in the entity.

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