a Basic Definitions and Theory 基本定义和理论(三) Objective: Learn basic definition of assets, liabilities, and equities. Equities(业主权益) Total equity is the difference between total assets and total liabilities ☆ Common Stock 8 Additional Paid-In-Capita 令 Preferred stock Accounting Equation ASSETS LIABILITIES EQUITY 账务会计账务会计 Basic Definitions and Theory 基本定义和理论（三） Objective: Learn basic definition of assets, liabilities, and equities. Equities(业主权益) Total equity is the difference between total assets and total liabilities. ❖ Common Stock ❖ Additional Paid-In-Capital ❖ Preferred Stock ❖ Accounting Equation ASSETS = LIABILITIES + EQUITY