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Mortgage Payable is an example of what?
Net Income = Total Revenue – Total Expenses
300K
owner's equity
liability
Hourly Rate x Hours Worked
Gross Pay - Total Deductions
assest
Owner’s Equity = Assets - Liability
The net worth of the business
Net Income = Total Revenue – Total Expenses
300K
owner's equity
liability
Hourly Rate x Hours Worked
Gross Pay - Total Deductions
assest
Owner’s Equity = Assets - Liability
Assets = 500K Liabilities = 200K What is the Owner's Equity?
Net Income = Total Revenue – Total Expenses
300K
owner's equity
liability
Hourly Rate x Hours Worked
Gross Pay - Total Deductions
assest
Owner’s Equity = Assets - Liability
Gross Pay
Net Income = Total Revenue – Total Expenses
300K
owner's equity
liability
Hourly Rate x Hours Worked
Gross Pay - Total Deductions
assest
Owner’s Equity = Assets - Liability
Anything of Value owned by the Business
Net Income = Total Revenue – Total Expenses
300K
owner's equity
liability
Hourly Rate x Hours Worked
Gross Pay - Total Deductions
assest
Owner’s Equity = Assets - Liability
Accounting Equation
Net Income = Total Revenue – Total Expenses
300K
owner's equity
liability
Hourly Rate x Hours Worked
Gross Pay - Total Deductions
assest
Owner’s Equity = Assets - Liability
Income Statement
Net Income = Total Revenue – Total Expenses
300K
owner's equity
liability
Hourly Rate x Hours Worked
Gross Pay - Total Deductions
assest
Owner’s Equity = Assets - Liability
Net Pay
Net Income = Total Revenue – Total Expenses
300K
owner's equity
liability
Hourly Rate x Hours Worked
Gross Pay - Total Deductions
assest
Owner’s Equity = Assets - Liability
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