Owner's Equity

Owner's equity

A) is the difference between a firm's assets and liabilities.
B) is cash and other assets that could be converted to cash within a relatively short period of time, usually a year or less.
C) is the cumulative sum of earnings from all transactions that can be reinvested in the business.
D) is the price per share set at the time the shares are originally issued.
E) is the sum of the firm's long-term assets and current assets.