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Question 2 Owners' equity represents the capital theoretically available for distribution to shareholders. It consist of capital and drawing accounts. You are required to calculate
Question 2 Owners' equity represents the capital theoretically available for distribution to shareholders. It consist of capital and drawing accounts. You are required to calculate the following: 2.1 If the assets of a Local Authority Tses are worth N$250,000, and the Authority has a loan in the amount of N$ 55,000, What is the Owners' equity of the Authority in question ? (5 marks) 2.2 Nuugwanga who operate at the incubation centre in Katima Mulilo Town Council, opened her fish factory in 2019. At the end of the year she made N$52,000 of profit, contributed N$20,000 of equipment, and took out N$3,000 in cash. What would be Nuugwanga's ending owner's equity at the end of that year
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