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JulsSmile [24]
2 years ago
15

Using the accounting equation (A = L + OE) calculate the amount of equity the company has if your assets are worth $10,000 total

, while your debt is $5,000.
Business
1 answer:
Anuta_ua [19.1K]2 years ago
4 0

Answer:

$5,000

Explanation:

The Equation  (A = L + OE) is the accounting equation that guides in preparing a balance sheet. The equation in full is

Assets = Liabilities + Owners Equity.

In this case

Assets = $10,000 , liabilities = $5,000, equity = ?

$10,000 = $5000 + Equity

Equity = $10,000 - $5,000

Equity = $5,000

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An example of a currency would be the US banknotes you have on hand. It is one of the coins issued by the United States, along with pennies, nickels and quarters. Currencies are also banknotes and coins issued by governments of other countries around the world.

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3 years ago
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Answer:

A. economies of scale.

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Read 2 more answers
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