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-   -   Assets were $1,500,000, liabilities were $375,000, and there were no additional inves (https://www.askmehelpdesk.com/showthread.php?t=765642)

  • Sep 3, 2013, 08:37 PM
    kmgj
    Assets were $1,500,000, liabilities were $375,000, and there were no additional inves
    Assets were $1,500,000, liabilities were $375,000, and there were no additional investments or withdrawals What is the net income amount?
  • Sep 4, 2013, 08:39 AM
    pready
    With just the information provided you only have enough to solve for Equity. Equity = Assets - Liabilities

    There should be more information in your problem that was is listed.

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