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    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 2: Types of Organisations and the Financial Reporting Framework
  5. Question
    Equity on the Balance Sheet of a Sole Proprietorship Is
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Equity on the Balance Sheet of a Sole Proprietorship Is

Question 90

Question 90

Multiple Choice

Equity on the balance sheet of a sole proprietorship is normally referred to as:


A) owner's equity.
B) shareholders' equity.
C) reserves.
D) ordinary shares.

Correct Answer:

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