Equity is the difference between the value of the assets and the value of the liabilities of something owned. Equity can be represented as Assets - Liabilities.
Equity appears on the balance sheet as one of the four primary financial statements. The assets of an entity can be both tangible and intangible items. Intangible assets include items such as:
- Brand names
- Copyrights
- Goodwill
Tangible assets include:
- Land
- Equipment
- Cash
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