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If equity is 300000 and liabilities are 192000 then assets equal?
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∙ 11y ago
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Wiki User
∙ 11y ago
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If the liablilities owned by a business total 300000 and owners equity is equal to 300000 then will the assets also total 300000?
No. Assets = Liabilities + Owner's Equity = 300,000 + 300,000 = 600,000
Can assets be greater then liabilities and owners equity?
No. Assets = Liabilities + Equity Always.
What is the format of a balance sheet?
The format of the Balance Sheet is Assets = Liabilities + Equity * Current Assets * Fixed Assets * -------------------- * Total Assets * Current Liabilities * Long Term Liabilities * -------------------------- * Total Liabilities * Equity * Net Income * ---------------------------- * Total Equity * -------------------------- * Total Liabilities and Equity
Define the three components of the accounting equation?
The accounting equation is as follows: ASSETS = LIABILITIES + EQUITY
What is the shareholders equity if it has current assets of 2230 net fixed assets of 9900 current liabilities of 1380 and long-term debt of 4040?
Basic Accounting Equation: Assets = Liabilities + Owner's Equity Assets = Current Assets + Fixed Assets Liabilities = Current Liabilities + Long-term liabilities So Assets = Liabilities + Owner's Equity then current assets + fixed assets = current liabilities + long-term liabilities + owner's equity 2230 + 9900 = 1380 + 4040 + owner's equity 2230+9900 - 1380 - 4040 = owner's equity 6710 = owner's equity
What is a basic accounting equation?
Single proprietorship assets= liabilities + capital partnership assets= liabilities + partner's equity corporation assets= liabilities + shareholder's equity
Assets equal liabilities?
Yes assets are equal to liabilities. As liabilities are source of financing either inform of equity or inform of debt. With help of liabilities (equity+debts) assets are financed.
A company has a total assets of 10250 dollars and its owner equity is 5000 dollars how much are the liabilities of the company?
A company has a total assets of 10250 dollars and its owner equity is 5000 dollars how much are the liabilities of the company?assets = liabilities + equity$10,250 = liabilities + $5,000 --> liabilities = $10,250 - $5,000 = $5,250In Personal Finance
How do you figure total equity if given assets liabilities and net income?
It's pretty easy. The basic financial equation is: Assets = Equity + Liabilities. A part of equity is retained earnings. Retained earnings = net income - dividends Equity = Assets - Liabilities
In total owners equity are liabilities included?
No, Liabilities are not included in the total OE. Remember the account equation... Assets = Liabilities + Owners Equity If you have the total of your Assets and Liabilities, to find your OE then the equation would be written as this.. Assets - Liabilities = OE
Why Liability equals Assets?
Assets- Liabilities = Owners Equity :)
Is owners equity equal to the business liabilities less the business assets?
No. Owners Equity is equal to Business Assets less Business Liabilities.
