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Accounting Question
mgammel
Oct 11, 2011, 06:08 PM
Assume my assets are 460,000 and liabilities are 300,000 in 2010 and I ade an investment of 50,000 what would the owners equity be?
pready
Oct 12, 2011, 07:49 AM
Assets = Liabilities + Owners Equity
Therefore:
Owners Equity = Assets - Liabilities
Owners Equity = $460,000 - $300,000