Description
Dr. Barnard will discuss the reconciliation of owner equity reported on a beginning and ending balance sheet, including equity changes due to contributed capital, retained earnings and valuation equity.
Part of the Practical Steps to Calculate Net Income and Owner Equity for Agricultural Producers series by Dr. Freddie Barnard
What You’ll Learn:
- The components of owner equity
- The challenge for reconciling owner equity for agricultural businesses
- Uses of net farm income
