Question: if assets equal $200,000 and liabilities equal $100,000, what does equity equal?

if assets equal $200,000 and liabilities equal $100,000, what does equity equal?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

I appreciate explanation! Apr 2018 May 2018 Jun 2018 6 mos total 03 104 105 Heron, Inc. 106 107 Budgeted Income Statement 108 For the 6 mos ending June 30, 2018 109 110 Sales, net Jan 2018 Feb 2018...

Q:

If total assets equal $295 000, total liabilities are $165 000 and total equity equals $130 000 then net assets equals: $295 00 $130 000 $165 000 $30 000

Q:

Only need Answer no need to explain Question 23 The starting point in the budgeting process is generally what type of budget? Not yet answered Marked out of 1.00 P Flag question O a. Cash Flow O b....

Q:

8. If total assets equal $145 000, total liabilities are $90 000 and total equity equals $55 000 then net assets equals: a. $145 000. b. $200 000. 6. $95 000. cl. $55 000

Q:

1. Which one of the following is not considered one of the three primary financial statements? A) Balance sheet. C) Statement of cash flows. B) Income statement. D) Statement of business activities....

Q:

Exercise 1 - 16 The summaries of data from the balance sheet , income statement , and retained earnings statement for two corporations , Walco Corporation and Gunther Enterprises , are presented...

Q:

Chapter 2 Basic Financial Statements Determine whether the following sentences are true or false. 1. The going concern principle assumes that the business will continue indefinitely. 2. Liabilities...

Q:

Chapter 2 Basic Financial Statements Determine whether the following sentences are true or false. 1. The going concern principle assumes that the business will continue indefinitely. 2. Liabilities...

Q:

choose one option The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the a Statement of Cash Flows O Balance Sheet Income Statement Other...

Q:

Simple MCQ question from Financial Accounting. Please solve it ASAP!!! How are bonds payable usually classified on the balance sheet? o Other assets Investments and funds O Current liabilities O...

Q:

Q.14. Consider the sequence (x), where (-1)/2 X = n n+1 ; n = even n-1 2n +1 Then liminf x +lim supx, is (Answer should be integer) ; n = odd

Q:

It's time for the initial meeting of the task force you have been assigned to lead. This is a big opportunity for you because it's the first time your boss has given you this level of responsibility....

Q:

Section 5 : Sustain How will you monitor the impact of the change? What data will you collect and how often? What criteria will you use to evaluate success? Include short - term and long - term...

Q:

On January 1, 2020, Fields Corporation issued ten-year bonds with a par value of $2,000,000. The bonds pay interest semiannually on June 30 and December 31 at an annual rate of 10%. The bonds were...

Q:

? i. "Financial statements show the results of the stewardship of management, or the accountability of management for the resources entrusted to it. Those users who wish to assess the stewardship or...

Q:

3 Definition The triple integral of f over the box B is m n | (x, y, 2) dV = lim EE wh, yih, zi) AV 1, m, n* i=1 j=1 k=1 if this limit exists. Let K be a cube in the first octant, with the measure...

Q:

Which of the following statements is true for cation exchange chromatography? Separates primarily based on a net negatively charged analyte interacting with positively charged stationary material....

Q:

The amino acid serine has a -CH2OH sidechain. Select ALL of the structures below that illustrate the naturally-occurring stereochemistry of serine (disregard ionization states). H2N H HO2C CH2OH...

Q:

Question 7 . Given the following simple maze, convert the maze into a graph. ( 5 points ) Question 8 . Implement depth first search in the maze function in homework 1 . py . ( 2 0 points ) Question 9...

Q:

10. Imagine that the goal has been reached. Now think about the path you have to take to reach the goal. How did you influence other people to achieve your goal? Imagine walking along the path you...

Q:

2. How do I perform this role?

Q:

6. List one and only one societal role that you wish you had performed better in. Spend the next month on a small push to improve your personal performance within this role. At the end of the month,...