The Four Subdivisions of Owner's Equity Are: ________________ ________________ ________________

question 110

Short Answer

The four subdivisions of owner's equity are: ________________ ________________ ________________ and ________________.

---

Definitions:

Functional Currency

The functional currency is the main currency used by a business or economic entity, reflecting the primary economic environment in which it operates.

Opening Inventory

The value of the goods available for sale at the beginning of an accounting period.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determined by the currency that mainly influences sales prices for goods and services or the country whose competitive forces and regulations most affect the entity's performance.

Cost of Sales

The direct costs attributable to the production of the goods sold by a company.