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    Angeleyez30000's Avatar
    Angeleyez30000 Posts: 1, Reputation: 1
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    #1

    Jan 23, 2014, 08:24 AM
    Math problem
    If the assets is $500,000 and the Equity is $400,000 what will the liabilities balance be
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jan 23, 2014, 09:14 AM
    The basic accounting equation is: Assets = Liabilities + Owners Equity

    Since you have 2 of these figures and are trying to find one the formula can be rewritten as: Liabilities = Assets - Owners Equity
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