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Question
Is equity an asset?
Is equity an asset?
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Solution
Equity is an asset to a business as it sets the position of any business owner. It is also known as capital, shareholders equity, or net worth. Equity can be calculated by:
Equity = Assets-Liabilities.
Also read:
Equity is an asset to a business as it sets the position of any business owner. It is also known as capital, shareholders equity, or net worth. Equity can be calculated by:
Equity = Assets-Liabilities.
Also read:
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