The word has historically been used along the borderland as a derogatory term to mean lower class Mexican migrants, and in the rest of Latin America to mean an acculturating Indian or peasant. Despite, or because of, its long history of denigrating semantics, the term Cholo was turned on its head and used as a symbol of pride in the context of the ethnic power movements of the 1960s.
Principals have different roles depending on the nature of an individual business, but the universal responsibility of a commercial business principal is significant influence. Some principals are also the founder, owner and CEO. Others own a large portion of company equity and sign off on major decisions.
Owners equity is the dessert of the accounting field. This is the one topic everybody likes to discuss, and that most individuals who own and operate a business really like to watch as it increases. What is the correct definition of ownerâs equity, and why is it one of the most important pieces of the accounting reporting? Ownerâs equity is the ownerâs rights to the assets of the business. If the business is a sole proprietorship, the ownerâs equity is also known as the ownerâs capital account. As this figure increases, the ownerâs right to the assets of the business increase.