Owner’s equity represents which of the following? a. the total of retained earnings plus paid-in capital b. the sum of the retained earnings and accounts receivable account balances c. the business owner’s/owners’ share of the company, also known as net worth or net assets d. the amount of funding the company has from issuing bonds
Owner’s equity represents which of the following? a. the total of retained earnings plus paid-in capital b. the sum of the retained earnings and accounts receivable account balances c. the business owner’s/owners’ share of the company, also known as net worth or net assets d. the amount of funding the company has from issuing bonds
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 19MC: Owners equity represents which of the following? A. the amount of funding the company has from...
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Owner’s equity represents which of the following?
a. the total of retained earnings plus paid-in capital
b. the sum of the retained earnings and accounts receivable account balances
c. the business owner’s/owners’ share of the company, also known as net worth or net assets
d. the amount of funding the company has from issuing bonds
Expert Solution
Step 1
Owner equity means the amount that belong to the businessmen including the capital , retained earnings , all reserve and surplus like capital redemption reserve , capital reserve , securities premium , revenue reserve and many more . Any kind of fictitious assets or any losses will be deducted to find out owner equity.
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