Owner's Equity Is

question 13

Multiple Choice

Owner's equity is:

• A)the amount taken out of a business by the owner for personal use.
• B)the revenues less the expenses.
• C)the amount the owner owes the business.
• D)the financial interest of the owner of a business.

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Definitions:

Internal Attributions

The inference that a person's behavior is due to their own internal characteristics, such as personality, beliefs, or efforts, rather than external circumstances.

External Attributions

The process of explaining one's own behavior or the behavior of others by pointing to causes outside the individual, such as situational factors.

Hope

A feeling of expectation and desire for a certain thing to happen.

Tempered View

A perspective or attitude that is made moderate or restrained by considering all factors and avoiding extreme positions.