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ASAP!!!!!!! On the current balance sheet at the end of the first year, a business has $50,000 in total assets and $18,000 in total liabilities. Compute the business equity at the end of the first year.
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ASAP!!!!!!!

On the current balance sheet at the end of the first year, a business has $50,000 in total assets and $18,000 in total
liabilities. Compute the business equity at the end of the first year.

User Patrick Manser
by
8.6k points

1 Answer

4 votes
I think the answer is 32000
Why is that the Formula of equity is E= TA - TL
User Darren Young
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9.2k points
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