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    gottolearn's Avatar
    gottolearn Posts: 1, Reputation: 1
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    #1

    Jul 6, 2012, 03:43 PM
    How to calculate assets liablities owners equity
    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's Avatar
    Jebomio Posts: 1, Reputation: 1
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    #2

    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's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    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.
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