Owner's Equity Question:
Fill in the Blank
Before you begin: For purposes of testing and exams it's important to not just get the questions right but also complete them at the right speed. Use a watch or clock to time yourself when answering this question.
Q: Owner's equity = ________? + ________? - ________?
I need answers for this question. Please help!
A: I'm not gonna answer this question.
I'll give you a little clue at least though: note that in this question they are not looking for just 2 items in the answer. They are looking for 3.
Owner's equity must equal: 1)__________ + 2)__________ - 3___________.
Now see if you can figure it out!
Check the answers in the comments section below - well done to Simphiwe and Accounting Prof, both of whose answers are correct. ;-)
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