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Morgarella [4.7K]
3 years ago
14

The assets of Prosian Italia, a marble and granite company, amount to $400 million, and its liabilities add up to $180 million.

Based on the accounting equation, Prosian Italia's owners' equity is equal to _____.
$580 million
$72,000 million
$2 million
$220 million
Business
1 answer:
Kobotan [32]3 years ago
4 0

Answer:

$220 million

Explanation:

According to given information in question:

Assets = $400 million

Liabilities = $180 million

Accounting Equation:

Assets = Equity + Liabilities

$400 million = Equity + $180 million

Equity = $400 million - $180 million

Equity = $220 million

Based on the accounting equation, Prosian Italia's owners' equity is equal to $220 million.

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