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Current assets: inventory 15K, cash 25K, debts receivables 10K non current assets: land 500K, plant and...

Current assets: inventory 15K, cash 25K, debts receivables 10K non current assets: land 500K, plant and machinery 25K, investments 75K liabilities; credits/payables 150k, non current liabilities (loan) 100k. What is the owners equity?

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Answer #1

Correct answer :

Owner’s equity = $400000

owners equity

total Assets - Total Liabilities

inventory

$            15,000.00

cash

$            25,000.00

debt Receivables

$            10,000.00

land

$        5,00,000.00

Plant and Machinery

$            25,000.00

investments

$            75,000.00

A

Total Assets

$        6,50,000.00

credits/payables

$        1,50,000.00

non current liabilities (loan)

$        1,00,000.00

B

Total Liabilities

$        2,50,000.00

A-B

owners equity

$        4,00,000.00

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