The financial interest of the owner in a business is called owner's equity or ________.
Fill in the blank(s) with the appropriate word(s).
capital
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Which of the following statements is true of the False Claims Act?
A) Private citizens may sue employers on behalf of the government for fraud against the government. B) Private citizens may sue employers on behalf of the government for misrepresentation of a government employee. C) The government may sue employers for fraud against a private citizen. D) The government may sue employers for fraud against a government official.
The Congressional Review Act of 1996 requires each agency to make available for copying on request such items as staff manuals, staff instruction orders, and adjudicated opinions, as well as interpretations of policy statements
Indicate whether the statement is true or false
Which of the following is NOT a reason why a firm may typically choose not to stretch its accounts payable?
A) Delaying payment can increase the effective cost of credit in some circumstances. B) The supplier may demand COD or CBD in the future. C) The supplier may choose to discontinue business with delinquent customers. D) The firm's credit rating may be damaged.
The AICPA Audit and Accounting Guide: Health Care Organizations applies equally to private not-for-profit, governmentally owned, and investor-owned health care organizations.
Answer the following statement true (T) or false (F)