166k views
5 votes
Total assets are the amount the owner has invested in the business.
true or false

User Flori
by
8.1k points

1 Answer

1 vote

Answer:

In the explanation. :)

Step-by-step explanation:

The accounting equation is most often stated as Assets + Liabilities = Owner's Equity. Total assets are the amount the owner has invested in the business. false. An expense is a decrease in owner's equity resulting from the operation of a business.

Hope this helps. Have a great day!

User Aaron Bennett
by
8.9k points

No related questions found