When Hunter opened his fish and tackle store, he convinced his family and friends to invest in the store. They invested money and assets to help him start and grow his business. The money and assets these investors contributed to Hunter's store comprise his
A) owners' equity.
B) assets.
C) liabilities.
D) stock.
E) bonds.

Question

Quizplus · Accepted Answer

This scenario describes Hunter's owners' equity, which is all the money that has ever been contributed to the company that never has to be paid back. The funds can come from investors who have given money or assets to the company, or it can come from past profitable operations.

When Hunter Opened His Fish and Tackle Store, He Convinced