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1. If a business has assets of $ 5,600 and liabilities of $900, the owner's equity is * $ 6,500 $ 900 $ 4,700 O $ 5,600
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1. If a business has assets of $ 5,600 and liabilities of $900, the owner's equity is *

$ 6,500
$ 900
$ 4,700
O $ 5,600

User Jyotirup
by
5.6k points

1 Answer

3 votes

Answer:

The owner's equity is $900

Step-by-step explanation:

Because an asset takes money from your pocket and liability puts money in your pocket.

User Headshota
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