Owners equity is not cash; it is not a liability; and it generally is not equal to

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Owners’ equity is not cash; it is not a liability; and it generally is not equal to the current worth of a business. What is the nature of owners’ equity?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 03:14 AM

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Owners equity is not cash; it is not a liability; and it generally is not equal to

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Owners equity is a residual value showing the amount of ...View the full answer

Accounting concepts and applications

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