The statement is<u> false.
</u>
Once the amount of equity someone has in a business has been established, it cannot be changed. The statement is <u>false.</u> Equity can be changed.
Further Explanation:
Equity:
The equity can be invested by the people in the business, and the amount of equity can be changed. If the company offers the shares to the public, people can invest in the business. They can have ownership of the company's’ over that asset by investing in the business, or by purchasing the shares of the company. Equity is the difference between the amount owed and the amount took on loan, in which the owned amount is the equity amount. The owned amount is known as the equity amount. For example, if a person has purchased a phone of $5,000 and in which of $3,000 amount is taken on the loan. The equity amount will be $2,000.
Therefore, the amount of equity can be changed.
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Answer Details:
Grade: High school
Chapter: Equity
Subject: Business studies
Keywords:
True or False, once the amount of equity someone has in a business has been established, it cannot be changed, and the statement is, false, owned amount, equity amount, loan amount.