SOFP

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June 27, 2015 at 3:33 am #258909
dansindo
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in the lecture video, it says that capital means “owed to owner” shouldn’t it be a liability?
June 27, 2015 at 8:14 am #258919
John Moffat
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Capital is a liability, but because it is a liability to the owner it is called ‘capital’. We save the words ‘current liabilities’ and ‘non-current liabilities’ for amounts owed to other people.
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