According to the Accounting Equation, If Assets Equal $4000 and Liabilities

question 118

Multiple Choice

According to the accounting equation, if assets equal $4000 and liabilities equal $1500, then owner's equity would equal

• A) $5500.
• B) $2500.
• C) $3500.
• D) $8000.
• E) It is not possible to tell with the information given.

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