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Hiroki is a talented manager, but never displayed a particular aptitude for handling numbers; therefore, it surprised him when a supervisor recommended him for a project that involved an understanding of accounting practices. When he asked the boss why she had recommended him, she said "Well, you know, you're good with numbers, so I figure it'll be easy for you to pick up the rest." Then Hiroki understood what had happened: because he was Asian American, she assumed that he would be good at math. Though this might seem like a compliment, it was actually an example of
Statement Of Partners' Equity
A financial document that shows changes in the ownership interest of partners in a partnership over a period of time.
Total Capital
The sum of a company's debt and equity, representing the funds used to finance its operations and growth.
Partnership
Business operation legally established for dual or multiple partners to govern and split profits.
Capital Account
In finance, it relates to a financial statement detailing the investment funds brought into and taken out of a company by its owners; in economics, it represents the part of the balance of payments recording net changes in a country’s foreign assets and liabilities.
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