Questions: Equity is called owner's equity in all of the following forms of business entities EXCEPT

The answer is not provided in the text, but I can explain the concept:

Owner's equity is a term used to describe the ownership interest of shareholders in a corporation. It is also used in other forms of business entities, but the terminology may vary. Here's a brief explanation of each option:

a. Proprietorships: In a sole proprietorship, the term "owner's equity" is commonly used to describe the owner's interest in the business.

For the other forms of business entities (not listed in the text), the term "owner's equity" might not be used:

• Partnerships: The term "partner's equity" or "partner's capital" is often used instead of "owner's equity."
• Corporations: The term "shareholder's equity" is typically used instead of "owner's equity."

Therefore, the correct answer would likely be a form of business entity where the term "owner's equity" is not typically used, such as partnerships or corporations. However, since the text only provides one option, I cannot definitively state which form of business entity is the exception without additional options.