# how do you find equity and liabilities with just assets

How do you find Equity and Liabilities for Company A using this information?

Assets- 45,000

During year 2011
owner investments 6,000
net income (loss) 10,190
owner cash withdrawals

 paraclete Posts: 1,882, Reputation: 590 Ultra Member #2 Jun 2, 2012, 02:11 AM
Quote:
 Originally Posted by cookk336 How do you find Equity and Liabilities for Company A using this information? Assets- 45,000 During year 2011 owner investments 6,000 net income (loss) 10,190 owner cash withdrawals
it's not hard

equity = 6000-10190 = -4190
assets = 45000
liabilities = 45000-4190

you need to do more thinking and less asking

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