Question: Solway Company is a sole proprietorship whose owner Joe Solway

Solway Company is a sole proprietorship whose owner, Joe Solway, has an equity interest of $50,000. Had Solway been a partnership rather than a sole proprietorship, and the two equal partners were Joe and his brother Tom, how would the $50,000 owners’ equity be presented in the company’s balance sheet?


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  • CreatedApril 17, 2014
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