Bob Auto Repairs, Inc. started 2012 with total assets of $19,000 and total liabilities
Of $9,000. At the end of 2012, Bob's total assets stood at $27,000, and total liabilities
Were $13,000.
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Bob Auto Repairs, Inc. started 2012 with total assets of $19,000 and total liabilities
Of $9,000. At the end of 2012, Bob's total assets stood at $27,000, and total liabilities
Were $13,000.
So what is your question?
Equity = Assets - Liabilities
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