If total liabilities are 1,000 and total assets are 8000 owner's e q u i t y must be

Mathematics

1 answer:

olga_2 [115]3 years ago

5 0

Total equity is equal to assets - liabilities.

Therefore,

8000 - 1000 = 7000

The owner's equity is $7,000.

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Which one is the better option and why need at least four sentences explaining which option is better please someone help

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