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View Full Version : How to calculate assets liablities owners equity


gottolearn
Jul 6, 2012, 03:43 PM
At the beginning of the year,Hernandez company had total asstes of $800,000 and total liabilities of $500,000.
If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of owner's equity at the end of the year?

Jebomio
Oct 20, 2012, 02:35 PM
At the beginning of the year,Hernandez company had total asstes of $800,000 and total liabilities of $500,000.
If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of owner's equity at the end of the year.

pready
Oct 22, 2012, 06:33 PM
Take your $800,000 plus $150,000 equals net assets. Take $500,000 minus $80,000 equals net liabilities.

Net assets minus net liabilities equals net Owners Equity.