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yan [13]
2 years ago
5

A company's balance sheet shows: Cash $36,000, Accounts receivable $23,000, Office equipment $57,000, and Accounts payable $24,0

00. What is the amount of total equity
Business
1 answer:
rjkz [21]2 years ago
3 0

The amount of total equity $92,000

<h3>What is equity?</h3>

Equity is the value left in a company's position, after deducting total liabilities from its total assets.

Equity is computed as :

= Assets - Liabilities

Assets = $23,000 + $57,000 + $36,000

Assets = $116,000

Liabilities = $24,000

Equity = $116,000 - $24,000

Equity = $92,000

Therefore, the amount of total equity is $92,000

Read more here about total equity : brainly.com/question/14032844

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