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-   -   How to find equity if only given assets, net income and liabilities? (https://www.askmehelpdesk.com/showthread.php?t=765438)

  • Sep 2, 2013, 04:28 PM
    jmiller144
    how to find equity if only given assets, net income and liabilities?
    I am given:
    Assets = 135,833
    Liabilities = 79,451
    Net income = 14,436

    How do I solve for equity?
  • Sep 2, 2013, 10:57 PM
    pready
    It looks like you are missing previous years numbers as I have seen this question on this site too many times.

    Based just on the information given just subtract liabilities from assets to get equilty.
  • Sep 3, 2013, 12:12 AM
    karentasset
    Just subtract liabilities from the assets since the Net income is just a part of the total equity.

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