{"id":27247,"date":"2024-01-14T17:46:22","date_gmt":"2024-01-14T22:46:22","guid":{"rendered":"https:\/\/breakingintowallstreet.com\/?post_type=biws_kb&#038;p=27247"},"modified":"2024-09-14T21:04:47","modified_gmt":"2024-09-15T02:04:47","slug":"statements-of-owners-equity","status":"publish","type":"biws_kb","link":"https:\/\/breakingintowallstreet.com\/kb\/accounting\/statements-of-owners-equity\/","title":{"rendered":"Statement of Owner\u2019s Equity: Definition, Examples, and Interpretation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-flat ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Statement of Owner\u2019s Equity: Definition, Examples, and Interpretation<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/statements-of-owners-equity\/#Statement_of_Owners_Equity_Definition_Examples_and_Interpretation\">Statement of Owner\u2019s Equity: Definition, Examples, and Interpretation<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/statements-of-owners-equity\/#Statement_of_Owners_Equity_Key_Components\">Statement of Owner\u2019s Equity: Key Components<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/statements-of-owners-equity\/#Statement_of_Owners_Equity_vs_Cash_Flow_Statement\">Statement of Owner\u2019s Equity vs. Cash Flow Statement<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/statements-of-owners-equity\/#Simple_Statement_of_Owners_Equity_Calculations\">Simple Statement of Owner\u2019s Equity Calculations<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/statements-of-owners-equity\/#Why_the_Statement_of_Owners_Equity_is_Often_an_Afterthought\">Why the Statement of Owner\u2019s Equity is Often an Afterthought<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"Statement_of_Owners_Equity_Definition_Examples_and_Interpretation\"><\/span>Statement of Owner\u2019s Equity: Definition, Examples, and Interpretation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<blockquote><p><strong>Statement of Owner\u2019s Equity Definition:<\/strong> In accounting, the statement of owner&#8217;s equity shows all components of a company\u2019s funding <em>outside<\/em> its liabilities and how they change over a specific period; it may include only common shareholders or both common and preferred shareholders.<\/p><\/blockquote>\n<p>Here\u2019s a summary from <a href=\"https:\/\/youtube-breakingintowallstreet-com.s3.us-east-1.amazonaws.com\/Accounting\/Statement-of-Owners-Equity\/BofA-10-K.pdf\" target=\"_blank\" rel=\"noopener\">Bank of America\u2019s quarterly report (10-Q)<\/a> and a more detailed version that shows the changes in each line item:<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-27248 size-full\" title=\"Bank of America - Statement of Owner's Equity\" src=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171825\/01-BofA-Shareholders-Equity.jpg\" alt=\"Bank of America - Statement of Owner's Equity\" width=\"1158\" height=\"308\" srcset=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171825\/01-BofA-Shareholders-Equity.jpg 1158w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171825\/01-BofA-Shareholders-Equity-300x80.jpg 300w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171825\/01-BofA-Shareholders-Equity-1024x272.jpg 1024w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171825\/01-BofA-Shareholders-Equity-768x204.jpg 768w\" sizes=\"(max-width: 1158px) 100vw, 1158px\" \/><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-27249 size-full\" title=\"Bank of America - Statement of Owner's Equity Detail\" src=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171852\/02-BofA-Statement-of-Owners-Equity.jpg\" alt=\"Bank of America - Statement of Owner's Equity Detail\" width=\"1149\" height=\"487\" srcset=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171852\/02-BofA-Statement-of-Owners-Equity.jpg 1149w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171852\/02-BofA-Statement-of-Owners-Equity-300x127.jpg 300w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171852\/02-BofA-Statement-of-Owners-Equity-1024x434.jpg 1024w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171852\/02-BofA-Statement-of-Owners-Equity-768x326.jpg 768w\" sizes=\"(max-width: 1149px) 100vw, 1149px\" \/><\/p>\n<p>As some background, a company\u2019s <a href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/balance-sheet\/\" target=\"_blank\" rel=\"noopener\">Balance Sheet<\/a> has three main sections: Assets, Liabilities, and Equity. Assets must always equal Liabilities + Equity.<\/p>\n<ul>\n<li><strong>Assets:<\/strong> These items can be sold for cash or will contribute to the company\u2019s future growth and operations, such as inventory or plants, property &amp; equipment. They give the company a <strong>future benefit<\/strong>.<\/li>\n<li><strong>Liabilities:<\/strong> These are the company\u2019s short-term and long-term funding sources needed to acquire its assets, and they represent <strong>future obligations or cash outflows<\/strong> (e.g., if a company has Debt, it will have to repay that Debt in the future).<\/li>\n<li><strong>Equity:<\/strong> These are additional funding sources; they are still obligations, but unlike Liabilities, they do not necessarily represent direct cash outflows. Also, these sources may relate to external parties (shareholders) or may be internally generated (Retained Earnings).<\/li>\n<\/ul>\n<div class='code-block code-block-2' style='margin: 8px 0; clear: both;'>\n<div class=\"kb-adinsert-modal\">\n    <div class=\"kb-adinsert-top\">\n      <div class=\"media\">\n          <img decoding=\"async\" class=\"alignnone size-full wp-image-28448\" src=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/04\/24164120\/adv-fm-tile.png\" alt=\"PowerPoint Pro\" width=\"128\" height=\"128\" \/>\n      <\/div>\n      <div class=\"content\">\n          <h3>Master Financial Modeling for Investment Banking With <strong>BIWS Core Financial Modeling<\/strong><\/h3>\n      <\/div>\n    <\/div>\n    \n    <div class=\"full_text\">\n    \t<ul>\n        \t<li>\n            \t<h4>Become a financial modeling pro<\/h4>\n              <p>158 videos, detailed written guides, Excel files, quizzes, and more<\/p>\n\t\t\t    <\/li>\n          <li>\n          \t<h4>Complete 10+ detailed global case studies<\/h4>\n            <p>These include both the theory and the practical applications<\/p>\n\t\t\t    <\/li>\n          <li>\n          \t<h4>Prepare for your internship or full-time job<\/h4>\n            <p>Gain the skills you need to \u201chit the ground running\u201d on Day 1\n\n<\/p>\n\t\t\t  <\/li>\n      <\/ul>\n        \n      <a class=\"cta-link orange-button-medium\" href=\"https:\/\/breakingintowallstreet.com\/core-financial-modeling\/\" target=\"_blank\">Full Details<\/a>\n      \n      <a class=\"cta-link orange-button-medium bg-blue\" href=\"https:\/\/biws-support.s3.us-east-1.amazonaws.com\/Course-Outlines\/Core-Financial-Modeling-Course-Outline.pdf\" target=\"_blank\" rel=\"noopener\">Short Outline<\/a>\n    <\/div>\n<\/div><\/div>\n\n<p>The Statement of Owner\u2019s Equity, also known as the Statement of Shareholder\u2019s Equity, details this <strong>Equity<\/strong> section of the Balance Sheet.<\/p>\n<p>It may seem significant, but it is <strong>less important<\/strong> than the three main financial statements: The <a href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/income-statement\/\" target=\"_blank\" rel=\"noopener\">Income Statement<\/a>, <a href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/balance-sheet\/\" target=\"_blank\" rel=\"noopener\">Balance Sheet<\/a>, and <a href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/cash-flow-statement\/\" target=\"_blank\" rel=\"noopener\">Cash Flow Statement<\/a>.<\/p>\n<p>That\u2019s because most valuation and <a href=\"https:\/\/mergersandinquisitions.com\/financial-modeling\/\" target=\"_blank\" rel=\"noopener\">financial modeling<\/a> are based on <strong>cash flows<\/strong>, not the Balance Sheet, and you can estimate a company\u2019s cash flows solely from its Income Statement and Cash Flow Statement.<\/p>\n<p>The Statement of Owner\u2019s Equity provides additional useful information in certain contexts, but it\u2019s unimportant for ~90% of companies in real-life analyses.<\/p>\n<p>We almost always consolidate this entire section of the financial statements into a single line item in financial models:<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-27250 size-full\" title=\"Consolidation for the Statement of Owner's Equity\" src=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171940\/03-Shareholders-Equity-Consolidation.jpg\" alt=\"Consolidation for the Statement of Owner's Equity\" width=\"1422\" height=\"391\" srcset=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171940\/03-Shareholders-Equity-Consolidation.jpg 1422w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171940\/03-Shareholders-Equity-Consolidation-300x82.jpg 300w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171940\/03-Shareholders-Equity-Consolidation-1024x282.jpg 1024w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14171940\/03-Shareholders-Equity-Consolidation-768x211.jpg 768w\" sizes=\"(max-width: 1422px) 100vw, 1422px\" \/><\/p>\n<p>The most important point is that <strong>specific items always flow into the Equity section:<\/strong> <a href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/net-income\/\" target=\"_blank\" rel=\"noopener\">Net Income<\/a> (addition), Dividends (subtraction), Stock Issuances (addition), and Stock Repurchases (subtraction) are the main ones.<\/p>\n<p>Unrealized Gains and Losses, pension adjustments, and foreign currency translations may also affect one component of this section (Accumulated Other Comprehensive Income, abbreviated to AOCI).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Statement_of_Owners_Equity_Key_Components\"><\/span><strong>Statement of Owner\u2019s Equity: Key Components<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The most important components are as follows:<\/p>\n<ul>\n<li><strong>Common Stock:<\/strong> This represents the \u201cpar value\u201d of each share (often $1.00 or $0.01) times all the common shares the company has issued cumulatively. It does not change even if the company repurchases some of these shares. It\u00a0<strong>increases<\/strong> only if the company issues additional shares in the future.<\/li>\n<li><strong>Additional Paid-In Capital (APIC):<\/strong> This represents each share&#8217;s Market Value minus Par Value, times the total shares issued over time. It does <strong>not<\/strong> change when the share price or share count changes but reflects only the prices and quantities at the initial issuance.<\/li>\n<li><strong>Retained Earnings:<\/strong> These are the company\u2019s saved-up, after-tax earnings. Net Income to Common Shareholders increases this item, and Dividends reduce it because they represent distributions to the shareholders.<\/li>\n<li><strong>Accumulated Other Comprehensive Income (AOCI):<\/strong> This account records miscellaneous income sources and other items, such as Unrealized Gains and Losses, adjustments for pensions, currency hedging\/translation, and so on.<\/li>\n<li><strong>Treasury Stock:<\/strong> This line is almost always negative and records the company\u2019s <strong>stock repurchases<\/strong> over time. If a company repurchases $100 million worth of stock, this line becomes $100 million more negative. It does not change if the share price changes in the future.<\/li>\n<\/ul>\n<p>These five components comprise \u201cCommon Shareholders\u2019 Equity\u201d on the Balance Sheet.<\/p>\n<p>The next two components are part of Equity but are outside of Common Shareholders\u2019 Equity because they relate to <strong>other investor groups:<\/strong><\/p>\n<ul>\n<li><strong>Preferred Stock:<\/strong> This item is more of a Debt-like liability and represents investors with a higher claim on the company\u2019s Assets than common shareholders (but lower than all forms of Debt).<\/li>\n<\/ul>\n<p>Preferred Stock typically issues fixed Dividends, and it\u2019s significantly more expensive than Debt because the coupon rates are higher and Preferred Dividends are <strong>not<\/strong> tax-deductible.<\/p>\n<ul>\n<li><strong>Noncontrolling Interests:<\/strong> If the company owns more than 50% but less than 100% of another company, this line represents the percentage they do <strong>not<\/strong> own (such as 25% if the parent company owns 75% of another company).<\/li>\n<\/ul>\n<p>It\u2019s worth forecasting these last two items separately if the company has them.<\/p>\n<p>For more, see our tutorial on <a href=\"https:\/\/mergersandinquisitions.com\/noncontrolling-interests\/\" target=\"_blank\" rel=\"noopener\">Noncontrolling Interests and consolidation accounting<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Statement_of_Owners_Equity_vs_Cash_Flow_Statement\"><\/span><strong>Statement of Owner\u2019s Equity vs. Cash Flow Statement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At first glance, the Statement of Owner\u2019s Equity might seem like the Income Statement or Cash Flow Statement, as they all track <strong>changes over a specific period.<\/strong><\/p>\n<p>The key difference is that the Statement of Owner\u2019s Equity does <strong>not<\/strong> track the company\u2019s Cash balance or even let you estimate this Cash balance.<\/p>\n<p>Certain items here, such as Net Income and Dividends, do affect the Cash balance, but many other Cash-affecting items are absent:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/breakingintowallstreet.com\/kb\/financial-statement-analysis\/change-in-working-capital\/\" target=\"_blank\" rel=\"noopener\">The Change in Working Capital<\/a><\/strong> \u2013 It only appears on the Cash Flow Statement.<\/li>\n<li><strong>Capital Expenditures<\/strong> \u2013 It only appears on the Cash Flow Statement.<\/li>\n<li><strong>Debt Issuances and Repayments<\/strong> \u2013 The same (CFS only).<\/li>\n<\/ul>\n<p>The list goes on; the main point is that the Cash Flow Statement lets you see <strong>how a company\u2019s Cash position changes<\/strong> over time, which is critical in financial modeling and valuation.<\/p>\n<p>By contrast, the Statement of Owner\u2019s Equity shows you how <em>a specific section of the Balance Sheet<\/em> changes over time.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Simple_Statement_of_Owners_Equity_Calculations\"><\/span><strong>Simple Statement of Owner\u2019s Equity Calculations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Let\u2019s say a company\u2019s Equity account looks like this:<\/p>\n<ul>\n<li><strong>Common Stock:<\/strong> $10 million<\/li>\n<li><strong>APIC:<\/strong> $90 million<\/li>\n<li><strong>Retained Earnings:<\/strong> $500 million<\/li>\n<li><strong>AOCI:<\/strong> $50 million<\/li>\n<li><strong>Treasury Stock:<\/strong> ($10 million)<\/li>\n<\/ul>\n<p>The\u00a0<strong>Total Equity<\/strong> is $10 + $90 + $500 + $50 &#8211; $10 = $640 million.<\/p>\n<p>Over one year, the company earns $50 million in Net Income, issues $20 million worth of Stock (with a par value of $2 million), and issues $15 million in Dividends.<\/p>\n<p>Each line item would change as follows:<\/p>\n<ul>\n<li><strong>Common Stock:<\/strong> $10 million + $2 million = $12 million<\/li>\n<li><strong>APIC:<\/strong> $90 million + ($20 million &#8211; $2 million) = $108 million<\/li>\n<li><strong>Retained Earnings:<\/strong> $500 million + $50 million \u2013 $15 million = $535 million<\/li>\n<li><strong>AOCI:<\/strong> $50 million (no changes)<\/li>\n<li><strong>Treasury Stock:<\/strong> ($10 million) (no changes)<\/li>\n<\/ul>\n<p>The\u00a0<strong>Total Equity<\/strong> is now $695 million after these changes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_Statement_of_Owners_Equity_is_Often_an_Afterthought\"><\/span><strong>Why the Statement of Owner\u2019s Equity is Often an Afterthought<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The main issue is that <strong>you do not use Equity, Common Shareholders\u2019 Equity, or other Balance Sheet metrics<\/strong> in most models or valuations.<\/p>\n<p>Valuation via <a href=\"https:\/\/breakingintowallstreet.com\/kb\/valuation\/comparable-company-analysis-cca\/\" target=\"_blank\" rel=\"noopener\">comparable company analysis<\/a> is based on Income Statement metrics such as Revenue, <a href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/ebit-operating-income\/\" target=\"_blank\" rel=\"noopener\">EBIT<\/a>, <a href=\"https:\/\/breakingintowallstreet.com\/kb\/accounting\/ebitda\/\" target=\"_blank\" rel=\"noopener\">EBITDA<\/a>, or Net Income, and the <a href=\"https:\/\/mergersandinquisitions.com\/dcf-model\/\" target=\"_blank\" rel=\"noopener\">Discounted Cash Flow Analysis<\/a> is based on <a href=\"https:\/\/breakingintowallstreet.com\/kb\/discounted-cash-flow-analysis-dcf\/unlevered-free-cash-flow\/\" target=\"_blank\" rel=\"noopener\">Unlevered Free Cash Flow<\/a>, linked to the Income Statement and Cash Flow Statement.<\/p>\n<p>Even if you consider <a href=\"https:\/\/breakingintowallstreet.com\/kb\/ma-and-merger-models\/merger-model-walkthrough\/\" target=\"_blank\" rel=\"noopener\">merger models<\/a>, <a href=\"https:\/\/mergersandinquisitions.com\/lbo-modeling-test\/\" target=\"_blank\" rel=\"noopener\">LBO models<\/a>, or <a href=\"https:\/\/breakingintowallstreet.com\/kb\/debt-equity\/debt-vs-equity-analysis\/\" target=\"_blank\" rel=\"noopener\">debt vs. equity models<\/a>, the Statement of Owner\u2019s Equity does not play a direct role.<\/p>\n<p>Analysis of Equity is most useful in the <strong>financial institutions sector<\/strong> because Equity directly contributes to \u201c<a href=\"https:\/\/breakingintowallstreet.com\/kb\/bank-modeling\/bank-regulatory-capital\/\" target=\"_blank\" rel=\"noopener\">regulatory capital<\/a>\u201d for banks and insurance firms.<\/p>\n<p>Regulatory capital determines the Dividends they can issue and how much they can grow their assets over time.<\/p>\n<p>It\u2019s also useful to see how much items such as Unrealized Gains\/Losses affect a bank\u2019s Equity:<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-27251 size-full\" title=\"Statement of Owner's Equity and Impact of Unrealized Gains and Losses\" src=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14172427\/04-Statement-of-Owners-Equity-Unrealized-Gains-Losses.jpg\" alt=\"Statement of Owner's Equity and Impact of Unrealized Gains and Losses\" width=\"1149\" height=\"645\" srcset=\"https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14172427\/04-Statement-of-Owners-Equity-Unrealized-Gains-Losses.jpg 1149w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14172427\/04-Statement-of-Owners-Equity-Unrealized-Gains-Losses-300x168.jpg 300w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14172427\/04-Statement-of-Owners-Equity-Unrealized-Gains-Losses-1024x575.jpg 1024w, https:\/\/biwsuploads-assest.s3.amazonaws.com\/biws\/wp-content\/uploads\/2024\/01\/14172427\/04-Statement-of-Owners-Equity-Unrealized-Gains-Losses-768x431.jpg 768w\" sizes=\"(max-width: 1149px) 100vw, 1149px\" \/><\/p>\n<p>The Statement of Owner\u2019s Equity might also be useful in a sector such as <a href=\"https:\/\/mergersandinquisitions.com\/power-utilities-investment-banking\/\" target=\"_blank\" rel=\"noopener\">power &amp; utilities<\/a> because of the \u201cRate Base\u201d concept, where utility companies can earn only a certain percentage of their Common Equity each year.<\/p>\n<p>Companies \u201cback into\u201d the rates they can charge customers for electricity based on the Net Income they are allowed to earn.<\/p>\n<p>Since Equity is a key driver, analyzing the individual components and how they change over time is useful there.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In accounting, the Statement of Owner&#8217;s Equity shows all components of a company\u2019s funding outside its liabilities and how they change over a specific period; it may include only common shareholders or both common and preferred shareholders.<\/p>\n","protected":false},"featured_media":29316,"template":"","class_list":["post-27247","biws_kb","type-biws_kb","status-publish","has-post-thumbnail","hentry","kb_category-accounting"],"acf":[],"_links":{"self":[{"href":"https:\/\/breakingintowallstreet.com\/wp-json\/wp\/v2\/biws_kb\/27247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/breakingintowallstreet.com\/wp-json\/wp\/v2\/biws_kb"}],"about":[{"href":"https:\/\/breakingintowallstreet.com\/wp-json\/wp\/v2\/types\/biws_kb"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/breakingintowallstreet.com\/wp-json\/wp\/v2\/media\/29316"}],"wp:attachment":[{"href":"https:\/\/breakingintowallstreet.com\/wp-json\/wp\/v2\/media?parent=27247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}