Which of the following is the best definition of owner's equity?
A) the amount of cash the owner invests into the business
B) the total value of what the business owns
C) what the business owes the owner
D) the profit earned by the owner

Question

Quizplus · Accepted Answer

Owner's equity represents the owner's claim on the assets of the business after all liabilities have been deducted, essentially what the business owes the owner.

Which of the Following Is the Best Definition of Owner's