A resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity THIS IS A GOOD DEFINITION OF EQUITY Accounting standards mandate using which basis for registering events AIS denotes AMANDA INSTITUTIONS TRAIL BALANCE INDICATES THE FOLLOWING NUMBERS:ASSETS 14000000BANK ACCOUNT 450000ACCUMULATED DEPRECIATION 120000SHARE CAPITAL 45000EXPENSES 340000PREPAID INSURANCE 34000RETAINED EARNING 50000OTHER NON CURRENT LIABILITIES 342000THEN THE OWERS EQUITY WILL BE AMANI INCORPORATION HAS NET INCOME FOR JOD 4,500,000 AND THE PREFERRED STOCKS BALANCE WAS 5000000 WITH (10%) DIVIDEND INDICATED. THE AVERAGE COMMON STOCKS BALANCE WAS 15,000,000 THEN THE EARNING PER SHARE WILL BE AROUND