Assertion: balance sheet's liability | /r/HasProperty | equity
Facets:
Source sentences:
text: 8,000 $ 16,400 Non-current Liability: Loans Payable 23,000 Strauss, Capital 147,100 Total Liabilities and Owner's Equity $ 186,500
text: Assets = Liabilities + Owners Equity Cash <$30,000> Land and Building $300,000 $270,000 $0
text: Even though the kid spent that $15 on his or her lemonade business, that amount remains on "the books," both in the assets section (since the drink-making supplies are still on hand until the drinks start selling) and the liabilities and stockholders' equity section (money the kid put into the company is his or her equity, and the kid still owes Mom and Dad that $5).
text: Below that is liabilities and stockholders’ equity which includes current liabilities, non-current liabilities, and finally shareholders’ equity.
text: The basic accounting equation shows that the sum of all the assets of the company is equal to the sum of all the liabilities of the company and its owners’ equity.
text: Total assets must balance the total liabilities plus owners’ equity.