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  • Oct 11, 2011, 06:08 PM
    mgammel
    Accounting Question
    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?
  • Oct 12, 2011, 07:49 AM
    pready
    Assets = Liabilities + Owners Equity

    Therefore:
    Owners Equity = Assets - Liabilities
    Owners Equity = $460,000 - $300,000

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