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Not exactly; equity means the monetary value of property beyond any debt owed on it. For instance, if you own a house whose mortgage is for $500,000 and you've paid $100,000 to principal on the mortgage, then your equity in the house is $100,000.
An asset is any item (real property, stocks, bonds, inventories, etc.) whose ownership can be converted to cash. A house, as above, is an asset, but so is stock in AT&T, etc.
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Is cash an asset liability or equity?
asset equity
Are retained earnings an asset equity or liability?
asset equity
Is cash an asset liability or owners equity?
asset
How do you decrease an asset and decrease owners equity?
Credit Decreases an Asset and Debit decreases Owners Equity.
Is service rendered considered an asset or owner's equity?
an asset
Is cash an asset liability or equity?
asset equity
Are retained earnings an asset equity or liability?
asset equity
Is drawings an asset equity or liability account?
equity
Both return on asset and return on equity measure profitability which one is more useful for comparing two companies why?
Return on asset= profit margin × asset turnover Return on equity= return on asset × equity multiplier so, return on equity is more comprehensive
Is cash an asset liability or owners equity?
asset
How do you decrease an asset and decrease owners equity?
Credit Decreases an Asset and Debit decreases Owners Equity.
Is service rendered considered an asset or owner's equity?
an asset
How does a stock repurchase affect the accounting equation 1 Decrease asset increase equity 2 Increase asset decrease liability 3 Decrease equity increase liability 4 Decrease asset decrease equity?
Decrease asset; since repurchase is with cash, whis is an asset Decrease equity; if repurchased stock is not to be reissued, it is declared void and the number of outstanding assets is decreased. Hence, equity is decreased.
Is the market value of equity an asset?
yes it is. it is under the shareholders' equity
Is rent income a asset liability or owners equity?
asset liability
Treasury stock should be reported as a current asset investment other asset or reduction of stockholder's equity?
Reduction of stockholders' equity.
Is cash considered an asset liability or owners equity?
Cash is an asset. It could also be part of what makes up an owner's equity.
