Unformatted text preview: liability, and owner's equity. It proves that the accounting equation (Assets = Liabilities + Owner's Equity) is in balance. The ending balance on the statement of owner's equity is used to report owner's equity on the balance sheet....
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- Fall '10
- Generally Accepted Accounting Principles, $15,000, $0, J. Green, Greener Landscape Group, $ 15,011