Assuming Total assets is $37,777 and Total liabilities is $16,575. The dollar value of owner's equity is $21,202.
<h3>What is equity?</h3>
Equity can be defined as total assets minus total liability.
Owner equity can be calculated using this formula
Equity=Total assets- Total liabilities
Equity=$37,777-$16,575
Equity=$21,202
Examples of assets are:
Examples of liabilities are:
- Interest payable
- Accrued wages
Inconcludion the dollar value of owner's equity is $21,202.
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Philadelphia is the keyword that may result from the truncation search phil*
<h3>What does truncate mean ?</h3>
- The act or practice of truncating—shortening something by omitting a portion of it—is known as truncation.
- Additionally, it can denote the state of being truncated. Truncation can entail the elimination of something's start, finish, top, or another portion of it.
- Terms with several ends as roots. Sun is another word for sunshine, suns, and sunlight. words with the same meaning but different spellings. For instance: color, color.
- verb, truncated, truncating (used with object). to make shorter by removing a portion; trim short: omit lengthy justifications. Computers and mathematics. to reduce (a number) by one or more digits: Both 1.4142 and 1.4987 can be condensed to a single digit.
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