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Owner's equity represents the owner's claims against the business. The formula is property = liabilities + equity of the owner. According to the table below, we can see here is the financial condition of a company. It shows the "property" to the left, or on their balance sheet, and "liabilities and equity" on the right side, or the bottom. The property must be balanced with the liabilities and equity. What is the property a company owns, such as buildings, equipment and inventory.
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