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What are the company’s assets if the liabilities are $10,000 and the owner’s equity is $20,000? $40,000 $2,000 $30,000 $10,000
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Nov 15, 2022
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What are the company’s assets if the liabilities are $10,000 and the owner’s equity is $20,000?
$40,000
$2,000
$30,000
$10,000
Business
high-school
Iboboboru
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Iboboboru
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His equity is $20,000 but he owes $10,000 in liability. So if he paid that off his assets would be $10,000.
$10,000 is your answer
Nicolas Mommaerts
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Nov 16, 2022
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Nicolas Mommaerts
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Answer:
$30,000
hope this helps! good luck!
Hernani Fernandes
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Nov 19, 2022
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Hernani Fernandes
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