Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 15.5D, Problem 4CC
Summary Introduction

To determine: The value of owners’ equity.

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.

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