lovelacemisty3
lovelacemisty3 lovelacemisty3
  • 07-05-2018
  • Mathematics
contestada

if total liabilities are 1,000 and total assets are 8000 owner's e q u i t y must be

Respuesta :

kanest
kanest kanest
  • 07-05-2018
Total equity is equal to assets - liabilities.

Therefore,

8000 - 1000 = 7000

The owner's equity is $7,000.
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