Owners' equity refers to a debt owed by a firm to an outside organization or individual.

Name: Owners' equity refers to a debt owed by a firm to an outside organization or individual.
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Owners' equity represents the residual interest in the assets of a company after deducting liabilities. It refers to the portion of the company that is owned by its shareholders, not owed to any outside organization or individual.

Owners' Equity Refers to a Debt Owed by a Firm