Your restaurant has assets of $45,321 and liabilities of $32,567. What is the equity of your business?
2 answers:
Answer:
Equity of the business = $12754
Step-by-step explanation:
The equity of any business is calculated by the formula
Equity = Assets of the company - liabilities of the company
= 45321 - 32567
= $12754
Therefore, The equity of my business will be $12754.
45321-32567=12754
The equity of your business is $12,754
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