The IASBs Framework defines equity interest as: (a) Amount of capital introduced by the owner of the
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The IASB’s Framework defines equity interest as:
(a) Amount of capital introduced by the owner of the business
(b) Opening capital + profit − drawings
(c) Residual interest in the assets of an entity after deducting its liabilities
(d) What a business owes its owner or owners
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c Residual inte...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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