Examlex
MATCHING
Match each person with one of the descriptions below.
-George Wallace
Owner's Equity Accounts
Accounts reflecting the owner's investment in the business plus any profits retained in the business, minus any withdrawals made.
Investment in Stock
The purchase of shares in a company to gain partial ownership and potentially earn dividends or capital gains.
Capital Stock
The amount of money or assets that owners have contributed to a corporation in exchange for shares of ownership.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide the preparation and presentation of financial statements globally.
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