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A business has the following items owners equity 700000 total liabilities 1300000 assets?
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A business has the following items owners equity 700000 total liabilities 1300000 assets?

User Thyago Stall
by
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1 Answer

5 votes

Answer:

2,000,000

Step-by-step explanation:

As per the accounting equation, assets are equal to equity plus liabilities.

Assets = Equity + Liabilities

For this business

Assets = 700,000 + 1,300,000

Assets = 2,000,000

User Harinath
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