(a) What is the term used to describe the owners equity section of a corporation (b) Identify the two owners equity accounts in a corporation and indicate the purpose of each ...

a The owners equity section for a corporation is called sto ...

(a) What is the term used to describe the owners equity section of a corporation? (b) Identify...

Question:

(a) What is the term used to describe the owner’s equity section of a
(b) Identify the two owners’ equity accounts in a and indicate the purpose of each.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...