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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

How do you determine the dollar amount of owners’ equity for a sole proprietorship, or a partnership, or a corporation?

Summary Introduction

To determine: The ways to determine the dollar amount of owner’s equity for sole proprietorship or a partnership or a corporation.

Introduction: Owners’ equity, regularly called net assets, is the owners' claim to organization assets after the greater part of the liabilities have been paid off. Basically, if the business assets were liquidated to pay off creditors, the abundance cash left finished would be viewed as owners' equity.

Explanation

The ways to determine the dollar amount of owner’s equity for sole proprietorship or a partnership or a corporation are as follows:

  • In favour of a sole proprietorship or partnership, the owners’ equity is appeared as the contrast amongst liabilities and assets...

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