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Elden [556K]
3 years ago
15

A company has $73M in assets and $24M in liabilities. What is the value of equity?

Business
1 answer:
kaheart [24]3 years ago
5 0

Answer:

\boxed{\sf (C) \ \$49M}

Given:

Assets = $73M

Liabilities = $24M

To Find:

Value of equity

Explanation:

Total equity is what is left over after you subtract the value of all the liabilities of a company from the value of all of its assets.

Formula:

\boxed{ \bold{Equity = Assets - Liabilities}}

By substituting value of assets & liabilities in the formula we get:

\sf Equity =  \$73M -  \$24M \\  \\  \sf Equity =  \$49M

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