Barrett company owners equity equals one-fourth of the company's total assets. the company's total liabilities are...
Barrett company owners equity equals one-fourth of the company's total assets. the company's total liabilities are $309,000. what is the amount of the company's owner's equity
Homework Answers
In the given question the companies total liabilities amount to $309000 ,thus we know that total assets of a company should be equal to total liabilities.
therefore ,total assets=total liabilities
Total assets =309000
owner's equity=1/4*309000
Owner's equity=$ 77250
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