How Can You Calculate Owners' Equity

question 91

Multiple Choice

How can you calculate owners' equity?

• A) Total assets minus cost of goods sold
• B) Cost of goods sold minus net sales
• C) Gross sales minus (customer returns and customer allowances)
• D) Total assets minus total liabilities
• E) Total liabilities plus total assets

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Definitions:

Auguste Comte

A French philosopher known for founding sociology and positivism, emphasizing scientific methods in the study of society.

Hebert Spencer

A British sociologist and philosopher known for his contributions to social Darwinism and structural functionalism.

Tiryakian

A sociologist who has contributed to the study of modernity, sociological theory, and the sociology of religion.

Sociological Work

Refers to research, theories, and studies conducted to understand social phenomena, structures, and relationships.