Why is the Equity of an owner shown in the Liabilities and not in the Assets on a companies Financial Statement?
Why is the Equity of an owner shown in the Liabilities and not in the Assets on a companies Financial Statement?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 15GI: How are unusual or infrequent gains or losses reported on a company's income statement?
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Why is the Equity of an owner shown in the Liabilities and not in the Assets on a companies Financial Statement?
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