If assets are $378,000 and liabilities are $186,000, then equity equals:

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If assets are $378,000 and liabilities are $186,000, then equity equals:

business accounting

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Answer 1

Answer #1

Asset = Capital or Equity +Liabilities

Capital or Equity = Asset - Liabilities

Asset = $3,78,000

Liabilities = $1,86,000

Then Capital or Equity = $3,78,000 - $1,86,000 = $1,92,000

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Answer 2

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If assets are $378,000 and liabilities are $186,000, then equity equals:

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If assets are $378,000 and liabilities are $186,000, then equity equals:

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