Practice question on accounting equation 1.If assets =$90,000, Liabilities = $45,000 Then Equity = ? 2. If Liabilities = $45,000, Equity = $15,000 then Assets = ? 3.If assets = $70,000, Equity = $30,000 then liabilities =? 4.If assets increased by $40,000, liabilities increased by $10,000 then equity will? 5.1f assets increase by $50,000 equity reduces by 20,000 then liability will