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    Sapphire2u's Avatar
    Sapphire2u Posts: 4, Reputation: 1
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    #1

    Sep 23, 2007, 10:24 AM
    Find total equity for year end?
    How do I find the equity for the following using the accounting equation? :confused:

    An company has assets equal to $123,000 and liabilities equal to $47,000 at year end. How do I figure out what the total equity for the year end would be? This is all the information I have available to me.

    Thanks,
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Sep 23, 2007, 01:58 PM
    Assets – Liabilities = Equity
    123,000 – 47,000 = Equity

    Equity = 76,000
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