Which of the following statements is correct?

“Equity” is money that the business has used to grow – for example the original investment from owners or money from the sale of shares, and any loans made to the business

“Equity” is the original money invested in the business that belonged to the owners of the businessThe collection and use of financial management data only

“Equity” is the value of the business

“Equity” is made up of not only the original investment in the business, but also any profits that were retained over the years