Question 7 2 pts Equity is defined as the net worth or net book value of a company. It is the company's assets minus its liabilities. The two general ledger accounts noted for corporations are Retained Earnings and Common Stock. Common Stock represents the investors initial investment into the corporation, and Retained Earnings represents: The beginning balance of the account + net income - dividends = ending balance The same as Common Stock The beginning balance of the account-net income = ending balance The beginning balance of the account. net income + dividends - ending balance