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    mitchhy's Avatar
    mitchhy Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 8, 2014, 07:59 PM
    What's the formula for Assets and Liabilities?
    For example if I have


    Asset Liabilities Owners Equity
    *clear* 9200 10800

    What would the formula be to work out the Current Asset?
    Also, if the liabilities amount and the assets amount was swapped, how would I work out the Liabilities? :)

    Thanks!

    - Mitch
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #2

    Mar 9, 2014, 11:25 AM
    You don't give us enough info and your presentation is unclear. What is "clear"? It could be positive or negative equity depending on how it is presented. You could have a positive or negative $1600
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #3

    Mar 10, 2014, 06:26 AM
    Assets = Liabilities + Owner's Equity
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