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View Full Version : How to find equity if only assets is given

nhorn
Nov 1, 2016, 08:54 PM
assets (101,010) = Liabilities(?) + Equity(?)
ebaines
Nov 2, 2016, 07:37 AM
You can't determine owner's equity simply from assets, because:

Owner's Equity = Assets - Liabilities

Are you sure there isn't additional data that was provided?