Lorton's Web Services Has Assets of $265,000 and Liabilities of $130,000.Calculate

question 169

Short Answer

Lorton's Web Services has assets of $265,000 and liabilities of $130,000.Calculate the amount of equity.

---

Definitions:

Emerging Adulthood

A phase of the life span between adolescence and full-fledged adulthood, typically ranging from late teens through the twenties.

Young Adulthood

A life stage characterized by the transition into full independence, exploring personal and financial milestones, typically ranging from late teens to mid-20s.

Middle Adulthood

A developmental stage typically occurring between ages 40 and 65, characterized by personal and professional growth, awareness of mortality, and changes in physical abilities.

Emerging Adults

Individuals in the late teens to mid-twenties, transitioning from adolescence to full-fledged adulthood, often experiencing identity exploration and instability.