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disa [49]
2 years ago
6

What is the total of the owner's equity if the balance sheet shows liabilities of $38,000 and assets of $74,000?

Business
1 answer:
horrorfan [7]2 years ago
4 0

Answer:

The total of the owner's equity is $36,000

<h3>Explanation:</h3>

Total Asset = Total Liability + Total Equity.

Total Equity = Total Asset less Total Liability.

Total Equity = 74000 - 38000.

Total Equity = $36,000.

To learn more about total equity, refer

to brainly.com/question/25309906

#SPJ4

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