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Liabilties and Assets

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11y ago

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What are the types of equity?

There are many of them, but two of them are mutual funds, and fidelity investments


What are the two types of business letters?

The two types of business letter are the formal and informal.


Is common stock an equity?

Yes Common stock is an equity of business and refundable by business at the time of liquidation of business.


What is the equity percent needed to finance a new business?

what is the equity percent needed to finance a business


Is shareholders equity an expense?

Share holder equity is liability for business which is refundable at dissolution of business


What are the two basic types of financing used by a corporation?

They are equity financing and debt financing.


Is owners equity equal to the business liabilities less the business assets?

No. Owners Equity is equal to Business Assets less Business Liabilities.


What is another name for equity?

Owners capital is the other name of equity in business.


What is a another name for money or machines invested in a business?

Equity or Owner's Equity.


Is a factory owners equity or asset?

Investment from factory owners is equity and it is shown in balance sheet of business.


What are the two parts of stockholder's equity in a corporations and indicate the purpose of each?

Stockholders' equity consists of two parts: common stock and retained earnings. Companies record as common stock the investments of assets into the business by the stockholders. They record as retained earnings the income retained for use in the business.


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By withdrawing from business we can reduce equity account or debit balance reduce the equity account.