Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Find total equity for year end? (https://www.askmehelpdesk.com/showthread.php?t=132799)

  • Sep 23, 2007, 10:24 AM
    Sapphire2u
    Find total equity for year end?
    How do I find the equity for the following using the accounting equation? :confused:

    An company has assets equal to $123,000 and liabilities equal to $47,000 at year end. How do I figure out what the total equity for the year end would be? This is all the information I have available to me.

    Thanks,
  • Sep 23, 2007, 01:58 PM
    CaptainForest
    Assets – Liabilities = Equity
    123,000 – 47,000 = Equity

    Equity = 76,000

  • All times are GMT -7. The time now is 07:46 PM.