Owner's equity represents:

Name: Owner's equity represents:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Owner's equity represents the residual interest in the assets of the business after liabilities are accounted for. In other words, it is the net worth of the business, which includes all assets and liabilities. Thus, choice A is the best answer as it correctly defines the meaning of owner's equity. Choices B, C, and D are incorrect as they do not reflect the complete picture of owner's equity.

Owner's Equity Represents