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What is owner's equity?
Question
Asked 4/22/2012 11:47:06 PM
Updated 5/1/2014 6:40:34 AM
1 Answer/Comment
Flagged by andrewpallarca [5/1/2014 6:40:01 AM]
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User: What is owner's equity?

Question
Asked 4/22/2012 11:47:06 PM
Updated 5/1/2014 6:40:34 AM
1 Answer/Comment
Flagged by andrewpallarca [5/1/2014 6:40:01 AM]
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8
Owners Equity is owner's ownership in the business, or the amount of the business assets owned by the business owners.
Added 5/1/2014 6:40:34 AM
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Questions asked by the same visitor
If supplies that have been purchased are used in the course of business, then a liability will increase. owner's equity will increase. an asset will increase. owner's equity will decrease.
Question
Updated 5/24/2015 2:28:51 PM
1 Answer/Comment
If supplies that have been purchased are used in the course of business, then Stockholders' equity will decrease.
Added 5/24/2015 2:28:51 PM
This answer has been confirmed as correct and helpful.
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