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-   -   How to find equity if only assets is given (https://www.askmehelpdesk.com/showthread.php?t=828516)

  • Nov 1, 2016, 08:54 PM
    nhorn
    How to find equity if only assets is given
    assets (101,010) = Liabilities(?) + Equity(?)
  • Nov 2, 2016, 07:37 AM
    ebaines
    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?

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