Equity
What represents the residual interest in the company after Liabilities are subtracted?
What is equity...
What is a liability?
What you owe...
What is an asset?
Something that you owe...
What is the accounting equation?
Assets=Liability+Equity
What is the difference between Current and Non-Current Liabilities?
What is the amount of time you have to pay them off...
What is a common part of equity called?
What is common stock...
What does a liability do?
What is take money out of your pocket...
Who can assets be claimed by?
What is Creditors or The Owners...
If I have $45,000 in assets and $6,500 in equity what is the liability?
What is 38,500 in liability...
Which liability do you have to pay off within a year?
What are Current Liabilities...
What is typically Retained in equity?
What is Retained earnings...
What is a considered a long-term liability?
A mortgage and student loans...
What is an intangible assets?
What is an asset you can not touch...
If the equity is 12,000 and the liability is 2,300. What is the assets?
What is 14,300 in assets
What is an example of a non-current liability?
What is Long-term loans or Lease obligation...
Why is equity important in the accounting equation?
What is to balance the equation...
Who's liability owed to?
What is creditors....
What are examples of assets?
What is a Building, Cash,and Land
How do you calculate the equity?
What is subtract assets from liability....
You may pay a current liability off in one year or...
What is or an operating cycle...
Someone withdraws 3,000 for personal use what happens to the equity?
It decreases by 3,000
What are the two types of Liabilities?
What is Current and Non current liabilities...
What happens when an asset looses value over time?
what is asset depreciation...
If the asset is 36,900 and the liability is 7,900. What is the equity?
What is 29,000 in equity...
What is account payable considered?
What is a current liability...