Owner's Equity Is

question 79

Multiple Choice

Owner's equity is:

• A) the amount taken out of a business by the owner for personal use.
• B) the financial interest of the owner of a business.
• C) the amount the owner owes the business.
• D) the revenues less the expenses.

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Definitions:

Atlantic Slave Trade

The transatlantic trading of African people, primarily to the Americas, where they were sold as slaves from the 16th to the 19th centuries, a key part of the triangular trade.

Forefront

The leading or most important position or place, often used in the context of being at the forefront of a particular field or movement.

Movement

An act of changing physical location or position or of having this changed.

Cotton Gin

A machine invented by Eli Whitney in 1793 that quickly and efficiently removed seeds from cotton fibers, revolutionizing the cotton industry and significantly impacting the institution of slavery in the United States.