Privately held businesses would not use the term shareholders' equity but rather use owner's equity in their balance sheet, and they would not list dividends.

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Quizplus · Accepted Answer

This is because privately held businesses do not have shareholders, but rather owners. Therefore, they would use the term owner's equity instead of shareholders' equity on their balance sheet. Additionally, since they are not publicly traded, they would not list dividends on their financial statements.

Privately Held Businesses Would Not Use the Term Shareholders' Equity