Question

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

Answer 1

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

Answer 2

$30,000

hope this helps! good luck!