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P2-D2.
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tabasumze
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Please explain what does the following explanation given in Kaplan study text means
The owner’s of a company’s equity capital have the residual claim on its net monetary and non monetary assets. The equity interest is therefore neither a monetary nor a non-monetary item.
P2-D2
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Hi,
I’d not worry about it but all it is saying is that the equity is equal to the net assets and that net assets are made up of monetary and non-monetary assets. There isn’t anything more to it than that.
Thanks
tabasumze
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