If Assets Are $8,000 and Liabilities Are $2,000, Owner's Equity

question 11

True/False

If assets are $8,000 and liabilities are $2,000, owner's equity is $10,000.

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Definitions:

Reflecting Feelings

The technique used in counseling and communication to mirror the emotions of the speaker, validating their experience.

Past Tense

A grammatical term referring to verbs that express actions or states of being that occurred in the past.

Feeling Word

A word that expresses an emotion or a personal emotional response.

Parroting

Repeating words or phrases spoken by others, often without understanding the meaning or context, typically as a technique in language learning.