A Assets = Things owned. Includes equipment; property and money owed to the organization (Accounts Receivable) and inventory. minus L Liabilities = Things owed (mostly money).___ Includes things like rent, loan repayment, taxes, and wages owed. (Accounts Payable) OE Owner's Equity = What is left after Liabilities are subtracted from Assets. __The "Bottom-Line" may also describe__ "Profit" or "(Loss)"